Gov. Stitt Signs 2022 State Budget Package Into Law

Monday, May 24th 2021, 5:52 pm
By: News 9, News On 6


Gov. Kevin Stitt signed the Fiscal Year 2022 state budget into law Monday.

The budget allocates a record $3.2 billion to state public schools and includes tax cuts for Oklahomans.

Read: State Budget Proposal Includes Tax Cuts, Historic Education Funding

“This budget delivers the People’s Agenda and is a major win for Oklahomans in all corners of our state,” said Governor Stitt. “Because we kept Oklahoma open for business in 2020, we are able to make historic investments in education and other core services while cutting taxes and replenishing our state savings account. I commend Speaker Charles McCall, President Pro Tempore Greg Treat and the legislative leadership for their hard work to find common ground and create such a comprehensive budget package.”

Stitt also signed House Bill 2900 which authorizes $9.06 billion in spending for Fiscal Year 2022, which begins July 1, 2021, according to the press release.

Highlights include:

  1. Increases common education funding by $171.6 million, or 6%, to a record high of nearly $3.2 billion.
  2. Replenishes state savings account by more than $800 million to a total of $1.3 billion – a record among of savings for Oklahoma.
  3. Funds expanded Medicaid for low-income Oklahomans.