Legislature passes budget overrides Stitt veto
Oklahoma lawmakers had to override vetoes by Gov. Kevin Stitt last week to uphold their recently passed $7.7 billion state budget for the upcoming fiscal year.
The budget cuts some state agencies funding by 4% while education funding was cut by 2.5% ($78.2 million less than FY20). $200 million in federal stimulus funds for education are projected to more than offset the education revenue cut from state revenue sources.
State projections estimate a $1.4 billion (17%) loss of revenue versus the amount certified by the State Board of Equalization back in February.
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