Oklahoma Senate Approves $7.1 Billion State Budget Bill

Tuesday, May 20th 2014, 9:07 pm
By: News 9

The Oklahoma Senate has overwhelmingly approved a $7.1 billion budget bill that funds state government for the fiscal year that begins July 1.

The Senate voted 31-9 Tuesday for the bill that puts into law the agreement reached last week between the Senate, House and governor's office. The measure now moves to the House for final consideration.

Senate Bill 2127

The bill appropriates about $102 million less than the budget for the current year, but still boosted funding for public schools by $80 million.

The budget includes targeted spending cuts and taps the accounts of several state agencies to close a $188 million shortfall -- but avoids cuts to priority areas like higher education and public safety. Most state agencies will receive cuts averaging 5.5 percent.