NORMAN — Governor has about $7B in available revenue for budget
OKLAHOMA CITY — Gov. Mary Fallin said Thursday that public education, prisons and public safety will be among her top priorities as she prepares a budget for the upcoming fiscal year based on about $7 billion in available revenue.
Fallin cited those three areas of state government after the state Board of Equalization voted to approve an early revenue estimate that showed she would have about $214 million more than last year to include in her budget.
While she was pleased that Oklahoma’s economy continues to grow, the governor also expressed caution over the uncertainty about looming cuts to federal funding that could result from negotiations over the so-called fiscal cliff.
“We don’t know what Washington is going to be doing,” Fallin said. “We don’t know what level of cuts we’ll be receiving from the federal government as far as federal funds that come to our state, so it’s been challenging preparing a budget, even though we’re fortunate to be having revenue growth in our state.”
The governor’s office uses the December revenue projections to develop the executive budget, which Fallin will present to lawmakers when the legislative session begins in February. The board will meet again in February for a final certification of the amount of revenue lawmakers will have available.
While the governor’s budget is simply a recommendation to the legislature, it is often used as a starting point for negotiations over spending priorities.
“Education is certainly one of the top areas that we’ve been talking about, being able to put funds towards the reforms we’ve been able to pass over the last couple of years,” Fallin said. “Certainly (the Department of) Corrections has some challenges with being able to keep correctional officers in the correctional facilities and prisons.”