2014 Oklahoma state budget


The Oklahoma State Budget for Fiscal Year 2014, is a spending request by Governor Mary Fallin to fund government operations for July 1, 2013–June 30, 2014. Governor Fallin proposed the budget on February 4, 2013. This was Governor Fallin's third budget submitted as governor.
The Oklahoma Legislature approved the budget on May 14, 2013, and Governor Fallin signed the budget into law on May 20, 2013.

History

Governor Mary Fallin proposed her 2014 budget request in her 2013 State of the State Address. Governor Fallin and legislative leaderships reached an agreement on the budget request on May 2, 2012. The Oklahoma House of Representatives approves the budget deal on May 9, the Senate on May 14, with the Governor signing the budget into law on May 20.

Governor's major issues

In her Budget Message to the Legislature, Governor Fallin identified the following issues are major goals for her Executive Budget.

Tax cut

Governor Fallin’s budget includes a 0.25 percent reduction to Oklahoma’s top individual income tax rate from 5.25% to 5%, reducing state revenue by $40.7 million in fiscal year 2014 and $105.8 in each fiscal year thereafter.

Supplemental funding

Requested

The governor's proposed Executive Budget for 2014 totals $7 billion in spending. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2014, which must be authorized by the Legislature. Percentages in parentheses indicate percentage change compared to Fiscal Year 2013 enacted budget. The budget request is broken down by the following expenditures:
The Oklahoma Legislature approved total appropriations for fiscal year 2014 of $7.1 billion. Percentages in parentheses indicate percentage change compared to Fiscal Year 2013 enacted budget. The final appropriations for Fiscal Year 2014 are broken down by the following expenditures: