Trying a new method of budgeting in the name of transparency, the Oklahoma Senate passed a non-binding budget resolution. That figure will be used as the starting point for budget negotiations with the House.
In the resolution, the State Department of Education would receive over $3.9 billion. The Oklahoma State Regents for Higher Education would receive over $1 billion.
The State Board of Equalization approved nearly $14 billion for lawmakers to appropriate this year. $11.6 billion is reoccurring revenue.
The Senate resolution also takes into account the impact on revenue the already approved grocery sales tax cut will have.
The Senate has been holding open budget hearings so that senators can dig into state agency budget proposals.
“The most important thing we do each year is pass a balanced budget,” Pro Tem Greg Treat said. “Although, this is the most important part of our job it is the one that historically has been the most opaque and least inclusive. We have made steps in the recent past in the Senate but our chamber decided to dedicate ourselves to complete transparency this year. I am proud of the work that nearly all senators have participated in this year. It goes to show when you empower the right members, they will never cease to amaze you and go beyond your grandest concept. This is a responsible budget that balances the needs of Oklahoma and one that keeps us on a sustainable trajectory that keeps our commitments to tax relief, investing in education, transportation, and health care. We are hiding nothing and we are ready to negotiate with the House.”
