Friday, December 23, 2011

Standstill Budgets Likely Next Fiscal Year

OKLAHOMA CITY – The Oklahoma Board of Equalization this week certified approximately $6.5 billion in revenue for the state budget in fiscal year 2013, an increase of $120.3 million over the previous year.
The improvement from last year is a result of increased tax revenues as Oklahoma’s economy continues to improve. 
However, the state faces an estimated budget shortfall of as much as $150 million due to the loss of one time funding sources. Even if the current trends continue state leaders are still looking at standstill budgets for the next fiscal year. 

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