Governor Stitt Issues Statement On Oklahoma Board Of Equalization Certification

Governor Stitt Issues Statement On Oklahoma Board Of Equalization Certification

Governor Kevin Stitt today issued a statement after the state Board of Equalization certified an estimate indicating lawmakers will have $8.3 billion to build a budget for the 2021 fiscal year, which begins July 1, 2020.

“Oklahoma’s state revenues are beginning to plateau after losing more than 60% of oil and gas drilling activity since this time last year. The fiscal discipline displayed in the FY’20 budget, by setting aside an extra $200 million to achieve $1 billion in savings, is already proving its value in protecting core public services and strengthening the state’s credit rating.

 

 

 

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