Oklahoma Governor Kevin Stitt announces certification of Balanced Budget, including $2.7 billion in savings for Fiscal year 2023
Oklahoma City – The Board of Equalization, chaired by Governor Kevin Stitt, voted Thursday (June 16) to certify a balanced budget for the state of Oklahoma for Fiscal Year 2023 with revenue and expenditures at $11.9 billion and $10.9 billion, respectively.
The budget also includes a projected $2.7 billion in savings.
“Government has a responsibility to do what Oklahoma families do every month, and that’s keep a balanced budget,” said Governor Stitt.
“I am proud of our efforts to keep recurring expenses below recurring revenue, and I am pleased that we have $2.7 billion in savings for Fiscal Year 2023.”
The Board of Equalization information packet and presentation materials are available at this link:
According to a press release from the chief executive’s office, “The overall total budget has increased by $1.4 billion, or 13.1%, since the February Board of Equalization certification. Fiscal Year 2022 ends June 30, at which time the General Revenue Fund will be reconciled and a final determination will be made regarding a deposit to state savings accounts.”