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Oklahoma state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
In February, Gov. Brad Henry announced that Oklahoma faced a $900 million shortfall for FY 2010.[1]
In August 2009 state officials announced that because of a continued decline in state revenue, all state agencies would receive a 5% cut in budget allocations.[2]
Budget background
- See also: Oklahoma state budget and finances
The Oklahoma state fiscal year begins July 1 and ends June 30. On October 1 all of the state's agencies submit their budget requests to the governor and the legislature. The governor presents his proposed budget on the first Monday in February. From February through April, state officials deliberate on the proposed budget. By early June the governor evaluates any and all changes before a final decision is approved.[3]
Budget figures
The following table provides a history of Oklahoma's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $15.9[4] | $89.8[4] |
| 2001 | $18.3[4] | $94.3[4] |
| 2002 | $20.7[4] | $97.2[4] |
| 2003 | $20.8[4] | $103.5[4] |
| 2004 | $20.8[4] | $111.5[4] |
| 2005 | $22.0[4] | $120.8[4] |
| 2006 | $23.9[4] | $130.1[4] |
| 2007 | $26.0[4] | $140.2[4] |
| 2008 | $28.3[4] | $149.2[4] |
| 2009 | $30.8*[4] | $159.8*[4] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
See also
Footnotes
- ↑ Associated Press, "State revenue shortfall $612 million," February 17, 2009
- ↑ Associated Press, "Oklahoma schools dealing with 5 percent budget cut," August 12, 2009
- ↑ Oklahoma Open Books, "overview of the process" accessed February 19,2009
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 US Government spending, "Oklahoma state and local spending," accessed February 20,2009
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