More tax cuts coming? State on track to save $884M for next year's budget

BOARD OF EQUALIZATION CERTIFIES STATE OF OKLAHOMA ON TRACK TO SAVE ESTIMATED $884 MILLION IN FY2022 Governor Stitt praises Legislature for prioritizing savings and strategic investments OKLAHOMA CITY (June 21, 2021)— The Board of Equalization, chaired by Governor Kevin Stitt, voted today to certify revenue and expenditures for the Fiscal Year 2022 budget that includes an estimated $884 million in unspent/unencumbered funds. Specifically, the Board of Equalization certified $9,064,748,251 in authorized FY22 expenditures and an estimated $9,948,810,340 available in certified and authorized funds plus cash. The FY22 appropriations increased 23% from FY21 actual expenditures, which is due in large part to the improving economic conditions in the state. Read more » by Jamison Faught - June 25, 2021 at 08:25AM

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