Feb. 13, 2019: Oklahoma Tax Collections Up… But (Associated Press)

State finance officials say revenue collections to Oklahoma’s main state operating fund continue to outpace the official estimate, but they warn of a slowdown in coming months.

The Office of Management and Enterprise Services released figures on Tuesday that show General Revenue Fund collections in January totaled $714 million, which is nearly . . .  read more

Feb. 3, 2019: $612 million more for Oklahoma? Probably not, officials say as growth figures for state budget expected to drop (Tulsa World)

State officials expect fewer additional dollars than what was certified in December.

The Board of Equalization in December indicated the state would have $612 million more to spend in fiscal year 2020. The Board of Equalization will meet again later this month to take another look and certify what lawmakers will have to spend…

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Feb. 4, 2019: What’s in the new governor’s first budget proposal? Flat agency appropriations, modest increase for education, money to savings (Tulsa World)

Gov. Kevin Stitt was not kidding when he told state lawmakers in December not to be quick to divvy up the $612 million in new revenue then projected for Fiscal Year 2020.

On Monday, Stitt proposed an FY 2020 budget that holds most agencies’ appropriations flat and puts $382.6 million into what amounts to savings…

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Dec. 27, 2018: Stitt tells lawmakers that a one-time revenue jump isn’t an excuse for a spending spree… or ‘tinkering with the tax code’ (Tulsa World)

Preliminary revenue numbers presented to the state’s top elected officials last week show the Legislature will have more money to spend next year than it is spending this year.

That’s great.

It means the Oklahoma economy is growing, the tax increases passed earlier this year to fund teacher pay increases are covering the needed costs and there . . .  read more