Oklahoma lawmakers OK $8 3B budget bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
TRANSCRIPT:
Dick Pryor: This is Capitol Insider, your weekly look inside Oklahoma politics, policy and government. I m Dick Pryor with eCapitol news director, Shawn Ashley. It s mid-May, which means it s time to talk seriously about the state budget, with just a couple of weeks left in the session. And right on cue, Governor Stitt and legislative leaders announced a budget agreement on Thursday. Shawn, how did this year s budget come together?
Shawn Ashley: Well, you know, House Speaker Charles McCall and Senate President Pro Tem Greg Treat emphasized Thursday that this was not something put together in just a few days. Throughout session we ve heard talk and reported on the House desire to put more money in the common education. We saw McCall advance his individual and corporate income tax reduction proposals. And the Senate talked about limiting spending growth, particularly avoiding using one time money for ongoing programs. And the governor talked about the opportunity to save
Budget features tax cuts, more for education and savings By: Trevor Brown Oklahoma Watch May 14, 2021
A new budget unveiled for the state reduces corporate income tax from 6% to 4% and was crafted to make Oklahoma more attractive for investment by business and industry, Gov. Kevin Stitt and Republican leaders say. (Photo by Science in HD on Unsplash)
You almost wouldn’t know Oklahoma was coming out of a pandemic and financial downturn based on a state budget agreement Gov. Kevin Stitt and GOP lawmakers unveiled Thursday.
The $8.3 billion spending plan avoids any cuts to the state budget, slashes taxes for low and high earners and puts hundreds of millions back into the state’s rainy day account.
State Budget Proposal Includes Tax Cuts, Historic Education Funding khits.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khits.com Daily Mail and Mail on Sunday newspapers.