2010 Oklahoma state budget

Last updated
2010 (2010) Budget of the Oklahoma state government
SB 216 - 2010 General Appropriations Bill
Submitted February 2, 2009
Submitted by Brad Henry
Submitted to 52nd Legislature
Passed June 1, 2009
Total revenue $7.1 billion
Total expenditures $7.1 billion
Website http://www.ok.gov/osf/Budget/index.html Oklahoma Office of State Finance
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The Oklahoma State Budget for Fiscal Year 2010, is a spending request by Governor Brad Henry to fund government operations for July 1, 2009–June 30, 2010. Governor Henry and legislative leader approved the budget in May 2009.

Oklahoma state budget

The Budget of the State of Oklahoma is the Governor's proposal to the Oklahoma Legislature which recommends funding levels to operate the state government for the next fiscal year, beginning July 1. Legislative decisions are governed by rules and legislation regarding the state budget process.

Governor of Oklahoma head of state and of government of the U.S. state of Oklahoma

The governor of the State of Oklahoma is the head of state for the U.S. state of Oklahoma. Under the Oklahoma Constitution, the governor is also the head of government, serving as the chief executive of the Oklahoma executive branch, of the government of Oklahoma. The governor is the ex officio Commander-in-Chief of the Oklahoma National Guard when not called into federal use. Despite being an executive branch official, the governor also holds legislative and judicial powers. The governor's responsibilities include making yearly "State of the State" addresses to the Oklahoma Legislature, submitting the annual state budget, ensuring that state laws are enforced, and that the peace is preserved. The governor's term is four years in length.

Brad Henry American politician

Charles Bradford "Brad" Henry is an American lawyer and politician who was the 26th Governor of Oklahoma. A member of the Democratic Party, he was elected governor in 2002. Henry won re-election for a second term on November 7, 2006 with 66% of the vote.

Contents

Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2011, which must be authorized by the Legislature.

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 state representatives, each serving a two-year term, and 48 state senators, who serve four-year terms that are staggered so only half of the Oklahoma Senate districts are eligible in each election year. Legislators are elected directly by the people from single member districts of equal population. The Oklahoma Legislature meets annually in the Oklahoma State Capitol in Oklahoma City.

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 of 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 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 to balance the state budget.

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 Great Recession, the ARRA's primary objective was to save existing jobs and create new ones as soon as possible. Other objectives were to provide temporary relief programs for those most affected by the recession and invest in infrastructure, education, health, and renewable energy.

Early on in the fiscal year, the effects of the late-2000s recession 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. [1] This decrease caused Governor Brad Henry 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. [2] 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

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:

All revenue of the $7.1 billion budget revenue breaks down as follows:

Total Spending

The projected gross state product (GSP) for 2009 was listed at $153.8 billion. [3] 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:

Total Appropriations

The Oklahoma Legislature approved total approrpations 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: [4]

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The Oklahoma Department of Transportation (ODOT) is an agency of the government of Oklahoma responsible for the construction and maintenance of the state's transportation infrastructure. Under the leadership of the Oklahoma Secretary of Transportation and ODOT Executive Director, the Department maintains public infrastructure that includes highways and state-owned railroads. Along with the Oklahoma Turnpike Authority, the Department is the primary infrastructure construction and maintenance agency of the State.

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The United States federal budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs. The non-partisan Congressional Budget Office provides extensive analysis of the budget and its economic effects. It has reported that the U.S. is facing a series of long-term financial challenges, as the population of the country ages and healthcare costs continue growing faster than the economy, leading to the debt held by the public exceeding GDP by 2030. The United States has the largest external debt in the world and the 14th largest government debt as % of GDP in the world.

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The Fifty-fourth Oklahoma Legislature was the meeting of the legislative branch of the government of Oklahoma from January 8, 2013 to January 5, 2015. The first session met from February 4, 2013, to May 24, 2013, in the Oklahoma State Capitol in Oklahoma City, during the third year of the first administration of Governor Mary Fallin. After the 2012 elections, the Republican Party held more than two-thirds of the seats in the Oklahoma Senate and the Oklahoma House of Representatives.

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References

  1. ↑ No end to state agency cuts, Tulsa World , by Barbara Hoberock, 2009-10-28
  2. ↑ Henry warns of deeper cuts, Tulsa World, by Barbara Hoberock, 2009-11-03
  3. ↑ Total Gross State Product - Oklahoma 2009, Kaiser Family Foundation
  4. ↑ Fiscal Year 2010 Omnibus Apporpriations Bill, Oklahoma Legislature
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