State Senate To Vote On Budget Plan - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

NEWS

State Senate To Vote On Budget Plan

Posted: Updated:
OKLAHOMA CITY -

The state Senate is set to vote on the latest budget plan passed by the House.

It includes taking money from the unclaimed property fund help balance the state budget.

11/13/17 Related Story: Senate Leaders Say Agreement Reached On State Budget Deficit

This isn't the first time the Senate is counting on these funds to fall back on. 

The fund has about $80 million in unclaimed property which is owed to Oklahomans. The treasurer's office is in charge of tracking down the rightful owners.

11/16/17 Related Story: Budget Bill Would Tap Into Unclaimed Property

The treasurer said since 2000, the legislature has used $305 million from the fund, a dollar amount that the office says is just too much.

"The trick is finding the right balance between returning the money to the rightful owners and using some of it for public purpose. Frankly, in the last few years, that's been out of balance," state  treasurer's office spokesman Tim Allen said.

The legislature has used the fund to fill budget holes, knowing sometimes the rightful owners won't be found. The treasurer's office said using the funds to fix budget problems is a bad idea. 

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 - 2018 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.