The Norman Transcript

January 22, 2014

Oklahoma governor to push for 'responsible' tax cut

Legislative session opens Feb. 3

The Associated Press


 A spokesman for Republican Gov. Mary Fallin says the governor will propose a “responsible, measured” income tax cut in her State of the State speech early next month, despite a projected $170 million hole in the budget for the next fiscal year.

Fallin spokesman Alex Weintz (wentz) declined on Wednesday to discuss the plan’s details, which he said will be included in her executive budget presented to lawmakers at the start of the legislative session on Feb. 3.

As governor, Fallin must present a balanced budget to lawmakers based on about $6.96 billion that was certified by a state panel last month. That’s about $170 million less than the Legislature appropriated to state programs in this year’s budget.

Weintz said lost revenue could be offset with “targeted, measured budget cuts.”