Governor Stitt signs FY2022 state budget package into law

GOVERNOR STITT SIGNS FY 2022 STATE BUDGET PACKAGE INTO LAW Budget cuts taxes for all Oklahomans, invests record $3.2 billion in public education, replenishes state savings account to record high levels OKLAHOMA CITY (May 24, 2021) – Governor Kevin Stitt signed additional legislation into law today as part of the Fiscal Year 2022 state budget package, including House Bill 2900, the general appropriations bill. The FY 2022 budget cuts taxes for all Oklahomans, invests a record $3.2 billion in education, and replenishes over $800 million in state reserve funds that were significantly reduced to offset pandemic-related revenue reductions last year for a record $1.3 billion in savings for the state of Oklahoma. “This budget delivers the People’s Agenda and is a major win for Oklahomans in all corners of our state,” said Governor Stitt. “Because we kept Oklahoma open for business in 2020, we are able to make historic investments in education and other core services while cutting taxes and replenishing our state savings account. I commend Speaker Charles McCall, President Pro Tempore Greg Treat and the legislative leadership for their hard work to find common ground and create such a comprehensive budget package.” House Bill 2900 authorizes $9.06 billion in spending for Fiscal Year 2022, which begins July 1, 2021. Highlights include: Read more » by Jamison Faught - May 27, 2021 at 08:30AM

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