President Pro Tempore
Senator Mike Schulz, R-Altus
State Capitol Room 422
Oklahoma City, Oklahoma 73105
For Immediate Release: May 15, 2017
Oklahoma Senate Republicans approve responsible
state budget plan
The Oklahoma Senate on Monday approved a budget plan
that responsibly addresses the FY ‘18 shortfall, holds education
agencies, the Department of Corrections, and the Department of Human
Services harmless, and minimizes cuts to other state agencies.
“The Senate has negotiated patiently all-session
long, but it’s time for the budget gimmicks to end,”
said President Pro Tem Mike Schulz, R-Altus. “We were elected
to lead and guide this state in a responsible manner, and that is
precisely what the Senate budget does. Like we’ve said all
along, the solution to this year’s budget will come via a
combination of cuts to agencies, new revenues, and structural budget
reforms and that’s what is included in the Senate budget.
The budget reforms approved by the Senate also will put our state
on more solid financial footing in the future and lets us end our
work on time and avoid a costly special session.”
“The time for gamesmanship is over. We cannot
sit by and continue to wait on unfulfilled schemes to materialize.
The Senate budget plan is a tough, yet responsible way to land the
plane on the runway and move our state forward,” said Senate
Majority Leader, Greg Treat, R-Oklahoma City.
“This is a responsible budget plan that addresses
this year’s huge shortfalls, but also contains new revenues
and progress on budget reforms that will begin the process of dealing
with the chronic structural deficits in our budget,” said
Senate Appropriations Chair Kim David, R-Porter.
The Senate budget plan includes $510 million in new
• $239 million through reforms to “off-the-top”
transportation funds, includes $125 million from increasing tax
on gasoline and diesel by $0.06 per gallon;
• $215 million from increasing the cigarette tax $1.50 per
• $43 million by eliminating oil and gas gross production
• $16 million by eliminating manufacturing sales tax exemption
for the wind energy.
The Senate budget also includes $69 million from revenue
bills already signed by the governor.
The FY ‘18 budget shortfall stands at approximately
$878 million. The state also has financial obligations including
the Pinnacle Plan, debt service, and agency supplementals that bring
the total deficit closer to approximately $1 billion.
The Senate budget plan includes the FY ‘18 certified
revenue ($6,029,537,421) and when all combined, the Senate budget
fills $869 million of the approximately $1 billion budget deficit.
The remaining deficit would be made up by keeping cuts to state
agencies at under five percent.
HB 2360, which contains the Senate budget plan, now
returns to the House for approval of Senate amendments.
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