Day: January 8, 2020

May 15, 2019: Governor, Senate, and House leadership announce FY 2020 Budget Deal (Oklahoma State Senate)

Governor Kevin Stitt, House Speaker Charles McCall, and Senate President Pro Tempore Greg Treat announced on Wednesday the Fiscal Year 2020 budget deal.

“This year’s budget is historic. Holding firm to my commitment of no new taxes, we will put away $200 million more in savings while also increasing the state’s investment in core services by more than five percent,” Governor Kevin Stitt said. “For the first time in state history, we will increase Oklahoma’s savings account, in order to protect core services in the future, without the law forcing it.

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May 14, 2019: Oklahoma budget negotiations heat up

The Oklahoma Senate is the odd man out in state budget negotiations.

Gov. Kevin Stitt and House Speaker Charles McCall agree on a spending plan for fiscal year 2020, but Senate Republicans have introduced their own spending plan that mainly differs on funding for education and pay raises for state employees…

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May 10, 2019: Oklahoma Senate supports $1,200 teacher pay bump; budget compromise appears close (Oklahoman)

Gov. Kevin Stitt expects teachers and public education advocates will be pleased when they see the finalized state budget for the next fiscal year that could emerge as early as next week.

Stitt, in a news conference Thursday, said he’s holding firm to his commitment to offer $1,200 across-the-board pay raises to Oklahoma teachers…

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April 21, 2019: Point of View: Working on Oklahoma education funding (Oklahoman)

We’re getting close to the end of the legislative session, and we’re in the final stages of state budget negotiations. As chairman of the Education Appropriations & Budget Subcommittee, it’s been my job to help prioritize spending for common education, higher education and CareerTech as well as other areas under the education umbrella.

My requests for common education so far total about a $140 million increase over last year’s record $2.9 billion appropriation…

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Feb. 20, 2019: Board of Equalization approves $8.2B for FY 2020 appropriations (OMES)

The Board of Equalization, chaired by Governor J. Kevin Stitt, on Wednesday certified $8,249,071,274 in revenues for FY 2020 appropriations, which is $574.5 million, or 7.5 percent, more than was appropriated for FY 2019.This amount is $37.8 million, or 0.5 percent, less than the December estimate.

All major tax categories showed growth between the board’s December meeting and its February meeting except personal income tax, which fell $27.9 million, or 1.0 percent, and gross production taxes on natural gas, which decreased by $53.2 million, or 11.4 percent…

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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 9 percent above the monthly estimate…

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Feb. 4, 2019: Stitt budget would raise teacher pay, set aside one-third of surplus (Oklahoman)

Gov. Kevin Stitt’s first budget proposes spending $400 million in new money on education, criminal justice reform and other priorities, while setting aside $200 million from the projected surplus to pad the state savings account.

Stitt, whose budget will be presented on Monday as the Oklahoma Legislature begins a new session, offers more transparency than in the past, though the new administration didn’t have time to ferret out all the numbers, an official said…

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