State Eyes $32.1 Million More In Next Fiscal Year

Oklahoma will have about $32.1 million more tax dollars to spend in the next fiscal year, the Office of State Finance reports.

The increase, which produces a total budget of about $7.1 billion, represents "very modest growth" in the state's budget, said Tony Hutchison, director of the Office of State Finance. The sum compares to an increase of about $100 million a year ago.

The State Board of Equalization is expected to certify the figures at a meeting next week.

"The state's economy is continuing to do well," Hutchison said. "It's moderating from prior years. It's not as hot as it had been."

He added that Oklahoma's budget mirrors trends seen in other states:"The one thing Oklahoma has going for it is our strong energy sector, and that's continuing to keep us above the national average," he added.

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