President Pro Tempore
Sen. Glenn Coffee, R-Oklahoma City
State Capitol Room 422
Oklahoma City, OK 73105
For Immediate Release: July 14, 2009
STATEMENT FROM SENATE PRESIDENT
PRO TEM GLENN COFFEE ON STATE REVENUE FIGURES
“The revenue figures announced today by the Treasurer's office
are disappointing but probably not surprising, based on the national
economic downturn in which we are operating.
"The good news is, we have the benefit of a conservative budgeting
system that forces us to live within our resources, allowing us
to avoid huge budget deficits. Further, during the budget process
last session, we anticipated further declines in revenue and wisely,
I think, chose not to spend all of the stimulus money at one time.
We will now be able to carry some of those funds over into the next
“Another positive aspect is that we have been very conservative
in not invading the Rainy Day fund despite pleas by some to do so.
"Strategic budget reductions were made beginning last year,
and all agencies of government should begin making reductions as
soon as possible to prevent drastic consequences later in the year
if deeper cuts are required.”
For more information contact:
Sen. Coffee: 405-521-5636