Oklahoma Ordinance Adopting the Budget
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U.S. states Every U.S. state other than Vermont has some form of balanced budget provision that applies to its operating budget. The precise form of this provision varies from state to state. Indiana has a state debt prohibition with an exception for "temporary and casual deficits," but no balanced budget requirement. Balanced budget amendment - Wikipedia wikipedia.org ? wiki ? Balanced_budget_amen... wikipedia.org ? wiki ? Balanced_budget_amen...
Ing to economics professor Kent Olson, Oklahoma already faced a small structural budget deficit in 2021, before the economic downturn resulting from COVID-19. His projections are for the structural deficit to continue to rise in the coming decade, reaching over $1.0 billion by 2030. The Long-Term Fiscal Gap - Oklahoma Policy Institute okpolicy.org ? policy-challenges-we-face ? the-lo... okpolicy.org ? policy-challenges-we-face ? the-lo...
$2.8 Billion Governor Kevin Stitt achieved a historic $2.8 billion in state savings with the close of FY 2022. Governor Stitt Achieves Historic State Savings of $2.8 Billion oklahoma.gov ? newsroom ? august2022 ? gover... oklahoma.gov ? newsroom ? august2022 ? gover...
Oklahoma's largest spending areas per capita were public welfare ($1,873) and elementary and secondary education ($1,760). The Census Bureau includes most Medicaid spending in public welfare but also allocates some of it to public hospitals. Oklahoma | Urban Institute Urban Institute ? projects ? state-fiscal-briefs ? ok... Urban Institute ? projects ? state-fiscal-briefs ? ok...
The total budget, which includes the general appropriations bill and other smaller bills, authorizes $12.59 billion in spending, an increase of $1.6 billion, or 15.0 percent, over fiscal 2023. Certified general fund revenue expenditures total $7.5 billion which is a 9.5 percent increase from fiscal 2023.
The Oklahoma House of Representatives today approved the final appropriations bills for Fiscal Year 2024, which begins July 1, fulfilling their constitutional duty to pass a balanced budget. The FY24 legislatively-appropriated budget is $12,866,390,628.