Day: April 21, 2020

April 21, 2020: Oklahoma higher ed chancellor to lead 16-state task force on COVID-19 pandemic recovery (Tulsa World)

Oklahoma State Regents for Higher Education Chancellor Glen Johnson will lead a new, 16-state task force on how to address the challenges facing colleges, universities and their students during the COVID-19 pandemic and recovery. The newly launched Higher Education Recovery Task Force will bring together higher education leaders from Southern Regional Education Board states…

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April 20, 2020: Oklahoma facing $1.3 billion hole in coming budget year (Tulsa World)

The COVID-19 epidemic and collapse of the global oil markets has dealt a $1.3 billion blow to the state’s revenue outlook for the next budget year, officials said Monday. That’s how much state general revenue is expected to fall in fiscal year 2021, which begins July 1, the state Board of Equalization was told when it met Monday afternoon to certify a revenue shortfall of more than $400 million for the current budget year.

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April 21, 2020: State revenue shortfall declared; $1.3 billion shortfall forecast for next year (The Oklahoman)

Bowing to pressure from state lawmakers, the Board of Equalization, led by Gov. Kevin Stitt, on Monday formally certified a revenue shortfall of $416 million for the current fiscal year. State officials also received a presentation on Oklahoma’s bleak financial picture for the fiscal year that begins July 1, 2020, from the head of the Oklahoma Tax Commission.

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