Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Oklahoma Gov. Stitt, panel see $2B budget increase over last year

by February 18, 2023
February 18, 2023
Oklahoma Gov. Stitt, panel see $2B budget increase over last year

A panel led by Gov. Kevin Stitt determined Friday that Oklahoma lawmakers will have about $2 billion more to spend in next year’s budget than they did in the current one.

The Board of Equalization certified that the Legislature will have $12.6 billion to spend in the budget for the fiscal year that begins July 1. That’s an increase of $2 billion from last year’s $10.6 billion that lawmakers were authorized to spend.

The Legislature also has another $1.4 billion stashed away in state savings accounts and $700 million that was appropriated last year to help lure a manufacturing facility to Oklahoma that didn’t materialize.

Despite the rosy financial projections, Republican state Sen. Roger Thompson, the chairman of the powerful Senate Appropriations Committee, warned that much of the additional revenue lawmakers have to spend, more than $1.3 billion, is one-time cash that wasn’t spent last year. He said that revenue is non-recurring and should only be spent on one-time projects.

Thompson also cautioned that the available revenue is based on projected collections and could end up being lower, particularly if oil and natural gas prices continue to fall. The price of crude oil has fallen from about $92 per barrel at the beginning of November to about $75 per barrel this week.

‘We’ve got a warmer winter than had been anticipated … and so I think natural gas will go down as well,’ said Thompson, of Okemah. ‘And those are our two big revenue drivers.’

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Trump to visit East Palestine after toxic train derailment
next post
Spiritual guru Marianne Williamson considers Biden challenge, says DNC is ‘spitting in the face of democracy’

You may also like

Fight over greenlighting controversial surveillance program unites progressives,...

December 1, 2023

McConnell says behavior of lawmakers not his responsibility...

November 15, 2023

VIDEO: Angry Trans Twitter Censor Speaks Out After...

November 26, 2022

Trump calls claims he’s a threat to democracy...

December 10, 2023

TGP Daily Recap w/ Nick Moseder: Pfizer Vaccine...

October 13, 2022

GOP rep unveils bill to install weapons lockers...

March 12, 2023

U.S. Senate to hold classified briefing on unidentified...

February 14, 2023

“He Does Not Deserve to Be in Leadership”...

November 12, 2022

WATCH: Idaho Gubernatorial Candidate Ammon Bundy Vows to...

October 26, 2022

Judicial Watch Uncovers HHS Records Revealing a Propaganda...

October 5, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved