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Oklahoma
State Senate
Communications Division
State Capitol
Oklahoma City, Oklahoma 73105
For Immediate Release: February 1, 2010
Sen. Cliff Branan
Branan Encouraged by Governor’s Support
of Rainy Day Fund Expansion
State Sen. Cliff
Branan has filed legislation to expand the state’s Rainy
Day Fund, and was pleased when the Governor announced his support
of the idea last week. Branan’s Senate Joint Resolution 69
would increase the cap on the fund from ten to fifteen percent.
“I’m pleased to see that Gov. Henry is supportive of
the idea of expanding the Rainy Day Fund. If we would have raised
the cap years ago we wouldn’t be in such a dire predicament
now as we face the largest budget shortfall in state history,”
said Branan, R-Oklahoma City. “This extra money would make
a tremendous difference for our state agencies that are facing significant
budget cuts because we don’t have the necessary emergency
funds to cover the shortfall.”
Branan also pointed out that raising the cap would allow further
investment in important state services such as transportation and
public safety.
“We’ve made great progress in recent years in investing
in our state’s transportation infrastructure, and I’m
positive that increasing the cap would only improve our momentum
in this area as well as help with other vital state services like
public safety,” said Branan, Chair of the Senate Transportation
Committee.
If approved by both legislative bodies, the resolution would then
go before a vote of the people.
For more information contact:
Sen. Branan: 405-521-5543
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