Legislature passes budget overrides Stitt veto

Oklahoma lawmakers had to override vetoes by Gov. Kevin Stitt last week to uphold their recently passed $7.7 billion state budget for the upcoming fiscal year.

The budget cuts some state agencies funding by 4% while education funding was cut by 2.5% ($78.2 million less than FY20). $200 million in federal stimulus funds for education are projected to more than offset the education revenue cut from state revenue sources.

State projections estimate a $1.4 billion (17%) loss of revenue versus the amount certified by the State Board of Equalization back in February.

Stitt vetoed the budget stating that the “proposed budget does not reflect the values of Oklahoma or the clear directive voters gave elected officials at the ballot box of living within our means and making hard decisions when times get tough.”

 

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