Governor disappointed with latest budget proposal

Governor disappointed with latest budget proposal

OKLAHOMA CITY – Governor Mary Fallin today issued the following statement after the House of Representatives passed a “Plan B” budget measure, House Bill 1019X, which now goes to the full Senate for consideration. “I’m very disappointed that we weren’t able to come to an agreement on a way to fix our structural issues within […]

October GRF receipts 0.6% above estimate

No indication current trend to yield significant growth in next fiscal year

October GRF receipts 0.6% above estimate

OKLAHOMA CITY — General Revenue Fund collections in October were $436.4 million and came $2.5 million, 0.6 percent, above the monthly estimate. Coincidentally, the year-to-date estimate also came in above by 0.6 percent. There was improvement in nearly every category from last year, as expected. 

Oklahoma’s pension systems show strong gains in 2017

Oklahoma’s pension systems show strong gains in 2017

OKLAHOMA CITY – Oklahoma’s State Pension Systems achieved substantial gains during the past fiscal year, according to actuarial reports presented during State Rep. Randy McDaniel’s interim study Wednesday.“The noteworthy results are the product of collaboration and hard work,” said McDaniel, R-Edmond. “The improvement is valuable to those counting on the durability of the pension systems […]

September GRF receipts equal estimate

Recovery continues to be slow, steady

September GRF receipts equal estimate

OKLAHOMA CITY — General Revenue Fund collections in September were $505.1 million and came in flat when compared with the monthly estimate. However, collections to the GRF were $52.4 million, or 11.6 percent, higher than prior year collections for September. 

August GRF receipts 1.9% above estimate

Current budget situation tenuous and cash flow still an issue

August GRF receipts 1.9% above estimate

OKLAHOMA CITY — General Revenue Fund collections in August were $413.7 million and came in 1.9 percent higher when compared with the monthly estimate. However, collections to the GRF were $843,000, or 0.2 percent, below prior year collections for August. For the first two months of the fiscal year, total collections to the GRF were […]

July GRF receipts equal monthly estimate

Corporate income taxes again contribute nothing to GRF

July GRF receipts equal monthly estimate

OKLAHOMA CITY — General Revenue Fund (GRF) collections in July were equal to the monthly estimate, while outpacing the prior year collections by 10.7 percent for the first month of the fiscal year. GRF collections in July totaled $411.4 million, which is equal to the official estimate upon which the fiscal year 2018 appropriated state budget […]

Rep. Pfeiffer and others praise Pruitt for helping repeal Water of U.S. Rule

Rep. Pfeiffer and others praise Pruitt for helping repeal Water of U.S. Rule

OKLAHOMA CITY – Representatives Scott Biggs, John Pfeiffer and Casey Murdock today issued a joint statement praising former Oklahoma Attorney General and current U.S. Environmental Protection Agency (APA) Administrator Scott Pruitt on his help to rescind the Clean Water Rule of 2015, also known as Waters of the U.S. (WOTUS). During a Senate Appropriations hearing […]

May GRF receipts 1.5% below monthly estimate

Money returned to Rainy Day Fund for education ad valorem reimbursement

May GRF receipts 1.5% below monthly estimate

OKLAHOMA CITY — General Revenue Fund collections in May missed the official monthly estimate by 1.5 percent, providing enough revenue to cover current FY17 allocation needs and avoiding further cuts to agencies as borrowed funds are returned.