Oklahoma Gets $21M Boost To State's Rainy Day Fund - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

Oklahoma Gets $21M Boost To State's Rainy Day Fund

Posted: Updated:
[File Photo] [File Photo]
OKLAHOMA CITY -

Oklahoma's constitutional Rainy Day Fund is getting an unexpected boost of about $21 million.

State finance officials announced Wednesday the additional revenue is from leftover funds from various state agencies after a reconciliation of their books following the fiscal year that ended June 30.

Secretary of Finance Preston Doerflinger says the additional revenue boosts the total amount of the constitutional reserve fund to $577.5 million, close to the pre-recession record level of $596 million.

Revenue in the fund can only be accessed when state collections fail to meet projected budgets and a revenue failure is declared, or if the governor and two-thirds of both legislative houses declare an emergency.

Oklahoma voters in 2010 approved a constitutional amendment to increase the amount of surplus revenue that goes into the fund.

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Politics

Breaking political news & the latest headlines from the state capitol & D.C.

Radars

See where weather is happening using our live interactive radars.

Technology

Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.