Friday, May 14, 2021

Largest State budget in history includes tax cuts, more money for education and Hollywood


STATE BUDGET AGREEMENT REACHED
 

OKLAHOMA CITY (May 13, 2021)— A state budget agreement reached Thursday maintains all state core service funding, provides tax relief to individuals and businesses, and makes targeted new investments in key priorities like education, economic development, health care and infrastructure. The agreement also replenishes more than $700 million in state reserve funds that were significantly reduced to offset pandemic-related revenue reductions last year.

Under the agreement, the appropriated Fiscal Year 2022 budget would be $8.3 billion.

The high-level agreement, which is still being finalized between the Legislature and Gov. Kevin Stitt:

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by Jamison Faught - May 14, 2021 at 08:31AM
 

Largest State budget in history includes tax cuts, more money for education and Hollywood

Click the title to read the entire article at Muskogee Politico