Oklahoma City, Oklahoma 73105
For Immediate Release: February 1, 2010
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