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FY 2020 Budget Highlights – Oklahoma Policy Institute

David Deptula, retired USAF lieutenant general and dean of the Mitchell Institute. up Democratic policy positions for the 2020 elections. THE MISPLACED ASSUMPTION: There will be few major new.

The Oklahoma City Council adopted the budget for fiscal year 2020 on June 4, 2019. Fiscal year 2020 is July 1, 2019, to June 30, 2020. The total FY 2020 budget is about $1.55 billion. This includes $482 million for the General Fund (day-to-day-operations) and provides funding for 4,869 staff positions throughout the City.

Fiscal Year 2018 appropriations, which is $739.3 million, or 12.2 percent, less than the appropriated amount for FY-2017. The state is experiencing recurring revenue shortfalls as a result of the structural revenue deficit and the reliance on the use of one-time funds to balance the FY-2017 budget.

The Assistant Secretary for Budget and Programs, and Chief Financial Officer is the principal advisor to the Secretary on the Department’s budget, program performance, and all aspects of financial management. Also, the Assistant Secretary’s Office is responsible for the budget and financial management functions of the Secretary’s staff offices.

Mary Fallin has proposed a production tax on wind to help close a nearly $1 billion budget gap for fiscal year 2018. Her proposal is being considered by state lawmakers during the current session.

The FY 2020 budget, pending any line-item vetoes from Gov. Kemp, allocates a total of $550 million toward these wide-ranging pay increases for teachers and school employees across the state. Several programs received more funding in the FY 2020 budget: $2 million for charter school facilities grants per House Bill 430 (2017 session)

TOWN OF GAGE APPROVING THE FY 2019-2020 BUDGET TO RESOLUTION 351 WHEREAS, the Oklahoma State Statues, Title Il, Section 201 authorizes a municipality to prepare and approve an annual budget, and WI–REAS, the Town of Gage has met all requirements for publication and public input on the FY 2019-2020 budget, and

Oklahoma City: Education, General and for Health Sciences: Education, General and , General and Sponsored Expenditures: FY 15 Budget Presentation to the Board of Regents FY 15 Budget Presentation A&M July 24, 2014 UBC Budget Presentation

The state’s budget plan still requires final approval of the Senate and Assembly, which are expected to take up the proposal later this week. Lawmakers have until June 15 to enact the new budget,

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