Quantcast

Oklahoma Budget Update - KOAM TV 7

Oklahoma Budget Update

Oklahoma Budget Update

Updated:

From Associated Press -

OKLAHOMA CITY (AP) - Oklahoma Gov. Mary Fallin has signed the final two bills of the 2018 state budget, finishing up a state funding plan that led to two separate special sessions and ultimately reduced spending for all state agencies.

Fallin on Monday signed one bill to restore $19.8 million in education funding that was determined to have been supplanted with lottery revenue. Another measure provides $31.7 million this year and $110 million next fiscal year to restore lost federal funding for the state's two medical schools.

The budget for the fiscal year that ends June 30 was thrown out of balance last year when the Oklahoma Supreme Court ruled a cigarette tax was unconstitutional. Lawmakers convened two separate sessions but couldn't reach a deal on a package of tax increases to increase revenue.

Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by Frankly, Inc. All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.