Link to main pageLink to SenatorsLink to LegislationLink to ScheduleLink to CommitteesLink to PublicationsLink to NewsLink to Staff

Oklahoma State Senate
President Pro Tempore
Senator Brian Bingman, R-Sapulpa
State Capitol Room 422
Oklahoma City, Oklahoma 73105
(405) 521-5565

For Immediate Release: February 16, 2015

Printer-friendly version

Sen. Brian Bingman
Sen. Brian Bingman

 

Senate President Pro Tempore Bingman: Legislature should examine budget structure, identify opportunities for savings

 Senate President Pro Tempore Brian Bingman on Monday issued the following statement on anticipated revenue figures for the coming fiscal year.

 “As we have been expecting, the Board of Equalization Tuesday will certify revenue figures showing a budget shortfall of more than $600 million. While this presents us with a significant challenge, it also gives us a chance to take a closer look at state spending and the structure of our budget to determine where we can be more efficient.

 “At times like these, we are given an opportunity to prove our commitment to core principles we espouse as Republicans – responsible spending and good stewardship of taxpayer dollars. To make good on that commitment, we need to have the willingness to identify opportunities for savings before we take money from the people’s saving account – the Rainy Day Fund. Identifying savings will also help limit the practice of utilizing one-time money to fund ongoing expenses. Just as Oklahomans do at the dinner table every day, we need to take a good look at our spending and determine what is necessary.

 “We also need to rethink the increasing percentage of off the top apportionments. Since 2009, state tax collections have increased by $700 million, but this has only given the Legislature $100 million more to appropriate from the general revenue fund. That represents an additional $600 million in state spending that isn’t subjected to the scrutiny of the legislative process. Since 2007, the amount of every tax dollar the Legislature is allowed to appropriate has decreased from 55 cents to 47 cents. It’s time for us to address this trend.” –President Pro Tempore Brian Bingman, R-Sapulpa

For more information, contact:
Sen. Bingman: (405) 521-5780

Inon: Horizontal Blue Band

January Press Releases | Press Releases