Governor Calls for Agency Budget Cuts and Tax Cut
Governor Fallin gives her fourth State of the State address to kick off the 2014 legislative session at the capitol.
Many state agencies are facing budget cuts.
The governor’s executive budget calls for a 5% cut to most state agencies and eliminating the budgets for the Arts Council and Historical society.
The budget adds $50 million to common education but cuts $49 million from higher ed. Despite the $170 million shortfall facing the state, the governor is still calling for a drop in the top income tax rate.
“This legislative session I’ve included in my budget an additional quarter point income tax reduction that will return $100 million to the state economy once fully recognized.”
In her State of the State, Governor Fallin also supported a bill to allow schools to increase bonding capacity to improve school safety.
Fallin also wants a bond issued for repairs at the Capitol, an issue not overwhelmingly received by her fellow Republicans in the audience.