More Money for Oklahoma
During its February meeting on Tuesday, the State Equalization Board finalized $7 billion for lawmakers to allocate in the 2014 fiscal year.
The total is an increase over last year’s appropriation and even more than anticipated just two months ago.
The $7 billion in anticipated revenue is $212 million more than in 2013 and $34 million more than projected at December’s Equalization meeting.
Governor Fallin says this is good news for Oklahoma.
“We’ve been talking among our legislative leaders that we still have some funding challenges with education so we anticipate that there could be more money allotted towards our education initiatives in our state.”
Fallin says she’s also holding out hope for a possible tax cut.
The seven billion dollars is a prediction from the Oklahoma Tax Commission on what it estimates will come through revenue collections starting on July First.