2010 Oklahoma State Budget
   HOME

TheInfoList



OR:

The Oklahoma State Budget for Fiscal Year 2010, is a spending request by
Governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...
Brad Henry Charles Bradford Henry (born July 10, 1963) is an American lawyer and politician who was the 26th governor of Oklahoma from 2003 to 2011. A member of the Democratic Party, he was elected governor in 2002. Henry won re-election for a second term ...
to fund
government operations Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual o ...
for July 1, 2009–June 30, 2010. Governor Henry and legislative leader approved the budget in May 2009. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2011, which must be authorized by the
Legislature A legislature is an assembly with the authority to make law Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its p ...
.


Overview

The state budget for fiscal year 2010 began with a decrease in tax revenues of almost $310 million, or 4.4%, from the previous fiscal year. A primary reason for this decrease was enactment o
House Bill 1172
in 2006. HB1172 enacted the largest tax cut in state history by lowering the state income tax rate from 6.25% in 2006 to 5.25% in 2011. HB1172 also increased the standard deduction to match the federal standard deduction in 2010. The
American Recovery and Reinvestment Act of 2009 The American Recovery and Reinvestment Act of 2009 (ARRA) (), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Gr ...
was passed February 2009 and the State applied for money available under the act. This included $404 million for the state Medicaid program and $236 million for education, among others. These funds allowed the
Oklahoma Legislature The Legislature of the State of Oklahoma is the state legislative branch of the U.S. state of Oklahoma. The Oklahoma House of Representatives and Oklahoma Senate are the two houses that make up the bicameral state legislature. There are 101 sta ...
to balance the state budget. Early on in the fiscal year, the effects of the
late-2000s recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At t ...
reached Oklahoma and caused tax revenues to decrease significantly. The Governor's Office reported that tax revenues decreased $1.2 billion between July 2009 and September 2009. This decrease caused Governor
Brad Henry Charles Bradford Henry (born July 10, 1963) is an American lawyer and politician who was the 26th governor of Oklahoma from 2003 to 2011. A member of the Democratic Party, he was elected governor in 2002. Henry won re-election for a second term ...
to order all state agencies to decrease their budgets by 5%. By November 2009, Governor Henry ordered the cuts increased to 7% and then to 7.5% by January 2010. By the end of the fiscal year, tax revenues had decreased from an estimated $6.8 billion in 2009 to $5.3 billion in 2010, a net decrease of 22%.


Key Funding Issues

*Education - No cuts to State education agencies due to reduced tax revenues *Health and Human Services - No cuts to State health and human services agencies due to reduced tax revenues *Public Safety - No cuts to State law enforcement agencies due to reduced tax revenues *Appropriations reduction - Cut all other agencies by up to 10% but allow agencies to increase fees to make up difference


Total Revenue

Estimated tax revenue for fiscal year 2011 is $6.8 billion, an estimated decrease of 4.4% from FY2009 amounts of $7 billion: *$2.1 billion - Individual Income Tax *$1.9 billion - Sales and Use Tax *$526 million - Gross Production Tax *$342 million - Corporate Income Tax *$177 million - Motor Vehicle Tax *$605 million - Other Taxes *$1.15 billion - Other Sources All revenue of the $7.1 billion budget revenue breaks down as follows: *$6.8 billion - All taxes *$83.5 million - Fee increases *$206 million - Fund Transfers *$45 million - Government Efficiency Reform


Total Spending

The projected
gross state product Gross regional domestic product (GRDP), gross domestic product of region (GDPR), or gross state product (GSP) is a statistic that measures the size of a region's economy. It is the aggregate of gross value added (GVA) of all resident producer unit ...
(GSP) for 2009 was listed at $153.8 billion. The fiscal year 2011 spending represents 4.6% of GSP. The Governor's budget for 2010 totaled $7.1 billion in spending, unchanged from Fiscal Year 2009 levels. Percentages in parentheses indicate percentage change compared to 2009. The budget request is broken down by the following expenditures: *Appropriations by Cabinet Department: 7.1 billion (+0%) **$3.8 billion - Education (+1%) **$1.1 billion - Health (+0%) **$760 million - Human Services (+0%) **$718 million - Safety and Security (-2%) **$208 million - Transportation (+0%) **$90.1 million - Commerce and Tourism (-5%) **$83.3 million - Finance and Revenue (-10%) **$85.2 million - Judiciary (-1%) **$41.4 million - Agriculture (-8%) **$40.3 million - Veterans Affairs (+0%) **$37.3 million - Legislature (-5%) **$25.1 million - Human Resources and Administration (-9%) **$22.5 million - Science and Technology (+0%) **$13.4 million - Environment (-19%) **$13 million - Military (-1%) **$11.9 million - Energy (-11%) **$7.2 million - Secretary of State (-12%) **$3.1 million - Governor and Lieutenant Governor (-4%)


Total Appropriations

The
Oklahoma Legislature The Legislature of the State of Oklahoma is the state legislative branch of the U.S. state of Oklahoma. The Oklahoma House of Representatives and Oklahoma Senate are the two houses that make up the bicameral state legislature. There are 101 sta ...
approved total appropriations for fiscal year 2010 of $7.2 billion. Percentages in parentheses indicate percentage change compared to the Governor's budget. The final appropriations are broken down by the following expenditures:Fiscal Year 2010 Omnibus Apporpriations Bill
Oklahoma Legislature The Legislature of the State of Oklahoma is the state legislative branch of the U.S. state of Oklahoma. The Oklahoma House of Representatives and Oklahoma Senate are the two houses that make up the bicameral state legislature. There are 101 sta ...
*Appropriations by Cabinet Department: 7.2 billion (+2%) **$3.8 billion - Education (+1%) **$1.3 billion - Health (+14%) **$750 million - Human Services (-1%) **$708 million - Safety and Security (-1%) **$208 million - Transportation (+0%) **$87.3 million - Finance and Revenue (+5%) **$80.2 million - Judiciary (-6%) **$91.3 million - Commerce and Tourism (+1%) **$42.1 million - Agriculture (+2%) **$40.3 million - Veterans Affairs (+0%) **$37 million - Legislature (-1%) **$25.7 million - Human Resources and Administration (+2%) **$22 million - Science and Technology (-2%) **$15.8 million - Environment (+18%) **$12.5 million - Energy (+5%) **$12.3 million - Military (-5%) **$7.6 million - Secretary of State (+6%) **$3.1 million - Governor and Lieutenant Governor (+0%) Following the effects of the
Late 2000s Recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At t ...
on Oklahoma, Governor
Brad Henry Charles Bradford Henry (born July 10, 1963) is an American lawyer and politician who was the 26th governor of Oklahoma from 2003 to 2011. A member of the Democratic Party, he was elected governor in 2002. Henry won re-election for a second term ...
ordered an across the board 7.25% spending cut for all State agencies. *Appropriations by Cabinet Department: $6.7 billion **$3.5 billion - Education **$1.2 billion - Health **$694 million - Human Services **$955 million - Safety and Security **$192 million - Transportation **$80.8 million - Finance and Revenue **$74.2 million - Judiciary **$84.5 million - Commerce and Tourism **$38.9 million - Agriculture **$37.3 million - Veterans Affairs **$34.2 million - Legislature **$23.8 million - Human Resources and Administration **$20.4 million - Science and Technology **$14.6 million - Environment **$11.6 million - Energy **$11.4 million - Military ( **$7.0 million - Secretary of State **$2.9 million - Governor and Lieutenant Governor


References


External links


Oklahoma Office of State Finance official websiteFiscal Year 2010 Budget
{{DEFAULTSORT:2010 Oklahoma State Budget 2010 in Oklahoma
Oklahoma state budget The Budget of the State of Oklahoma is the Governor of Oklahoma, Governor's proposal to the Oklahoma Legislature which recommends funding levels to operate the Government of Oklahoma, state government for the next fiscal year, beginning July 1. Leg ...