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Senate Appropriations Committee December 22, 2011
Budget Brief
A Summary of Budget News and Actions
Commentary on Budget Expectations
Trying to make sense of the predictions for flat budgets, small
cuts, huge budget increase requests from agencies and what
the bottom line for 2012 will likely hold.
Read on Page 2
Big 10 – FY12
SENATE APPROPRIATIONS COMMITTEE
Senator Clark Jolley, Chair
Senator Ron Justice, Vice Chair
Despite Growth, Estimate
Still Shows Shortfall
The State Board of Equalization met this week and estimated the
anticipated revenues for the Legislature and Governor to utilize in
preliminary preparation of the Fiscal Year 2012-13 (“FY-13”) budget. The
Governor’s Executive Budget will be based on this month’s certification,
but the final budget will be based upon the final certifications which will be
done in February.
The certification packet shows an appropriation authority of
$6,531,999,625. While this is $120.3 million more than FY'12, that does
not consider the final use of stimulus funds for ongoing
expenditures. Upon taking those into consideration, the certification
packet reflects only $22 million more than Oklahoma appropriated last
year including now-absent stimulus funds.
However, once funds are replaced from prior year bonding of the
Oklahoma Department of Transportation ($100M) and add in likely
additional appropriations for common education flexible benefits ($34M),
the state would be still be in the hole by well more than $100 million.
One very positive note: the certification packet indicates a deposit to the
Rainy Day Fund of approximately $223 million.
State Dept. of
Education
$2,278,158,832
Health Care
Authority
$983,085,563
State Regents
for Higher Ed
$945,260,278
DHS $537,136,664
Corrections $459,831,068
Mental Health $187,151,517
Career Tech $133,742,618
Transportation $106,737,039
Juvenile Affiars $96,187,205
Department of
Public Safety
$84,894,790
TOTAL
$5,812,185,574
Object Description
Description
| Title | 2011-12-22_Budget_Brief 1 |
| Full text | Senate Appropriations Committee December 22, 2011 Budget Brief A Summary of Budget News and Actions Commentary on Budget Expectations Trying to make sense of the predictions for flat budgets, small cuts, huge budget increase requests from agencies and what the bottom line for 2012 will likely hold. Read on Page 2 Big 10 – FY12 SENATE APPROPRIATIONS COMMITTEE Senator Clark Jolley, Chair Senator Ron Justice, Vice Chair Despite Growth, Estimate Still Shows Shortfall The State Board of Equalization met this week and estimated the anticipated revenues for the Legislature and Governor to utilize in preliminary preparation of the Fiscal Year 2012-13 (“FY-13”) budget. The Governor’s Executive Budget will be based on this month’s certification, but the final budget will be based upon the final certifications which will be done in February. The certification packet shows an appropriation authority of $6,531,999,625. While this is $120.3 million more than FY'12, that does not consider the final use of stimulus funds for ongoing expenditures. Upon taking those into consideration, the certification packet reflects only $22 million more than Oklahoma appropriated last year including now-absent stimulus funds. However, once funds are replaced from prior year bonding of the Oklahoma Department of Transportation ($100M) and add in likely additional appropriations for common education flexible benefits ($34M), the state would be still be in the hole by well more than $100 million. One very positive note: the certification packet indicates a deposit to the Rainy Day Fund of approximately $223 million. State Dept. of Education $2,278,158,832 Health Care Authority $983,085,563 State Regents for Higher Ed $945,260,278 DHS $537,136,664 Corrections $459,831,068 Mental Health $187,151,517 Career Tech $133,742,618 Transportation $106,737,039 Juvenile Affiars $96,187,205 Department of Public Safety $84,894,790 TOTAL $5,812,185,574 |
| Date created | 2013-05-17 |
| Date modified | 2013-05-17 |
