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    Oklahoma state budget (2010-2011)

    From Ballotpedia - Reading time: 5 min
    Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances.

    Oklahoma's $6.7 billion state budget for FY2011 was approved in May 2010[1][2] State revenues declined almost 17% in FY2010, down approximately $945 million from FY2009.[3]

    Oklahoma had nearly $600 million in its Rainy Day Fund, but the state faced limitations in using it to fill the budget shortfall. Three-eighths of the fund could be used to fill the 2010 mid-year gap, three-eighths could be used for the next fiscal year, and the remaining quarter could be used in a declared emergency by the Governor with a three-quarter vote of the Legislature.[4]

    Oklahoma had a total state debt of $17,254,404,041 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[5]

    2011 State spending & deficit in billions[6]
    Total spending Healthcare Education Protection Transport Human services Gen government
    $6.7 $1.1 $3.6 $.65 $.2 $.69 $.46
    2011 Local spending & deficit in billions[7]
    Total spending Pension Healthcare Education Welfare Protection Transport Deficit
    $16.9 $0.1 $1 $6.6 $0.3 $1.3 $1.2 $9.8

    Fiscal Year 2011 State Budget[edit]

    Find the state’s FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government online.[8]


    Summary of FY 2011 Balanced Budget[edit]

    See also: Archived Oklahoma state budgets

    Summary of FY 2011 Balanced Budget[9]

    Category Amount
    1. Total Amount Available from Certification Packet $5,294,829,734
    2. Adjustments to Certification
    One Year Moratorium on Select Tax Credits $45,092,800
    Repeal Rural Small Business Cap Credit $37,406,000
    Equalize Payments for Services $18,701,866
    Delay Motor Vehicle Apportionment Change $16,400,000
    Decouple from Federal Debt Provision $11,620,000
    Repeal Small Business Cap Credit $11,060,000
    Adopt Revised Sales Tax Vendor Discount $9,950,000
    Vending Machine Decals $9,000,000
    Reform Electric Car Credit $9,000,000
    Maximum Franchise Tax Remitters $7,800,000
    Repeal Motor Fuel Purchaser Discount $6,100,000
    Apportion Tobacco Tax Equalization Revenue to General Revenue $4,927,000
    Smokeless Tobacco Tax Equalization $4,227,000
    Collect Sales Tax on Electronically Delivered Items $3,460,000
    Sales and Use Tax Remittances $2,998,100
    Adjustment to Certification Packet $2,700,000
    Beer Wholesaler Remittance Adjustment $1,150,000
    Liquor and Wine Wholesaler Remittance Adjustment $840,000
    Multi State Model Statute $836,000
    Little Cigar Tax Equalization $386,000
    Total Revenue Enhancements $203,654,766
    3. Recover Cost of Service/Impact to Infrastructure
    Oversized Weight Permits $20,000,000
    Certified Copies of Driving Records $10,600,000
    Total Cost of Service/Impact to Infrastructure $30,600,000
    4. Compliance Initiatives
    Automated Enforcement of Vehicle Insurance $95,000,000
    Collect Sales Tax on Internet Sales $95,000,000
    Total Compliance Initiatives $190,000,000
    5. Bonding Initiatives
    Roads and Bridges $195,000,000
    IT Equipment and Software Purchases $38,000,000
    Total Bonding Initiatives' $233,000,000
    6. Rainy Day Fund and Other Cash
    Various State Agencies $85,411,802
    Rainy Day Fund (Amount Used for FY-2011 Budget) $67,594,528
    Rainy Day Fund (Amount Used for FY-2010 Supplementals and Shortfall) $485,565,496
    Excess FY-2010 Gross Production Oil to Education Funds $42,526,218
    Cash to Balance FY-2010 $(343,568,092)
    Funds Added back to Education GR FY-2010 $(80,000,000)
    Total Cash Transfers $257,529,952
    7. ARRA Funds
    ARRA Medicaid Funds $460,000,000
    ARRA Education Funds $236,468,872
    Total ARRA Funds $696,468,872
    Total Revenue $6,906,083,324
    8. CIO Savings Initiative $(50,000,000)
    Total Savings Initiatives $(50,000,000)
    9. Targeted Cuts
    Agency Consolidation Savings $(5,360,000)
    Savings from Reductions to Pass-Through Appropriations $(8,681,000)
    Total Targeted Cuts $(14,041,000)
    Total Savings Initiatives and Targeted Cuts $(64,041,000)
    Balanced Budget Summary
    1. Appropriations Made by 2009 Legislature $6,616,561,467
    2. Less: FY-2009 Supplementals $(5,750,000)
    3. Less: One-Time Expenditures $(23,525,000)
    4. ARRA Education Funds Used in FY-2010 Budget $236,352,128
    5. ARRA Medicaid Funds Used in FY-2010 Budget $404,695,751
    6. FY-2010 Base Budget $7,228,334,346
    7. 7.5% General Revenue Reductions Made During FY-2010 $(385,827,878)
    8. Adjusted FY-2010 Base Budget $6,842,506,468
    9. Targeted Cuts Made in FY-2011 $(65,826,045)
    10. Funds Added back to Education Agencies in FY-2010 $80,000,000
    11. Available Savings and Cuts $(64,041,000)
    12. Adjusted FY-2011 Base Budget $6,792,639,423
    13. Hold Debt Service Harmless and OSU-Tulsa $5,740,532
    14. Increased Certification to ODOT $1,926,868
    15. Increased Certification to CLO $4,358,350
    16. FY-2010 Supplementals $101,418,151
    17. Executive Budget Expenditures $6,906,083,324
    18. Available Revenues $6,906,083,324
    $ 0

    Fiscal Year 2010 State Budget[edit]

    Oklahoma ended FY2010 with a revenue shortfall. State Treasurer Scott Meacham said in a July 13, 2010, release, “A drop of $945 million or 17 percent in collections from the prior year illustrates the intensity of the historical downturn Oklahoma’s economy experienced.”[10]

    Summary of FY-2010 Balanced Executive Budget[11]

    Category Amount
    Revenue
    1. Total Amount Available from Certification Packet $6,755,890,998
    2. Revenue Enhancement
    Add Collection Fee onto Delinquent Accounts sent to Collection Agencies $1,350,000
    Adjustment to Certification Packet $20,000,000
    Certification Reduction to Authorized Fund $9,057,649
    Provide for Third Placement of Delinquent Accounts $9,000,000
    Internet Listing Of Delinquent Taxpayers $1,700,000
    Increase Vending Machine Decal Fees $3,000,000
    Sales Tax Permit Fees $1,100,000
    Fee Increases to GR $5,643,139
    Compsource Market Equalization $8,000,000
    1017 Fund Increase over Estimate for FY-2009 $24,600,000
    Total Revenue Enhancements $ 83,450,788
    3. Transfers
    Transfer from Cash Flow Reserve Fund $150,000,000
    Transfer from Agency Revolving Fund $56,000,000
    Total Transfers $206,000,000
    4. Efficiency Reforms
    Purchasing Reform $35,000,000
    IT Consolidations $10,000,000
    Total Efficiency Reforms $45,000,000
    TOTAL REVENUE $7,090,341,786
    Expenditures
    1. Appropriations Made by 2008 Legislature $7,192,763,490
    2. Less: FY-2008 Supplementals $(103,623,566)
    3. Less: One-Time Expenditures $(22,457,255)
    4. Less: One-Time Revenues $(123,983,090)
    5. Governor $(139,343)
    6. Lieutenant Governor $(33,091)
    7. Agriculture Cabinet $(3,430,160)
    8. Commerce/Tourism Cabinets $7,245,965
    9. Education Cabinet $39,535,543
    10. Energy/Environment Cabinet $(4,413,640)
    11. Finance and Revenue Cabinet $(7,232,891)
    12. Health Cabinet $110,200,467
    13. Human Resources and Administration Cabinet $(2,538,416)
    14. Human Services Cabinet $2,536,627
    15. Military Cabinet $(162,266)
    16. Safety and Security Cabinet $630,630
    17. Science and Technology $(5,579)
    18. Secretary of State Cabinet $3,062,792
    19. Transportation Cabinet $(30,296)
    20. Veterans' Cabinet $(21,008)
    21. Legislature $(2,120,189)
    22. Judiciary $(889,375)
    23. FY-2009 Supplementals $5,400,000
    Total Recommended Expenditures $7,090,295,348
    Balance / (shortage) of funds available $46,439

    Budget background[edit]

    See also: Oklahoma state budget and finances

    The Oklahoma state fiscal year begins July 1 and ends June 30. On October 1 all of the state's agencies submit their budget requests to the Governor and the Legislature. The Governor presents his proposed budget the first Monday in February. From February through April state officials deliberate on the proposed budget. By early June the Governor evaluates any and all changes before a final decision was approved.[12]

    The Oklahoma Policy Institute notes that, "Oklahoma's state and local governments face a long-term fiscal gap in which ongoing revenues would not be enough to pay ongoing spending commitments. The fiscal gap results from rapidly increasing health care costs, an aging population, and commitments for employee and retiree benefits."[13]

    Budget figures[edit]

    The following table provides a history of Oklahoma's expenditures and gross domestic product (GDP).

    Fiscal Year Expenditures (billions) GDP (billions)
    2000 $15.9[14] $89.8[14]
    2001 $18.3[14] $94.3[14]
    2002 $20.7[14] $97.2[14]
    2003 $20.8[14] $103.5[14]
    2004 $20.8[14] $111.5[14]
    2005 $22.0[14] $120.8[14]
    2006 $23.9[14] $130.1[14]
    2007 $26.0[14] $140.2[14]
    2008 $28.3[14] $149.2[14]
    2009 $30.8*[14] $159.8*[14]

    Accounting principles[edit]

    The Oklahoma State Auditor and Inspector audits state and local agencies in the state, publishing its audit reports online. The Oklahoma State Auditor and Inspector was a statewide elected position serving a 4-year term. The office of Examiner and Inspector and the State Auditor was consolidated in a special election on July 22, 1975. Steve Burrage was appointed to the position by Gov. Henry on July 10, 2008 after the June 16, 2008 resignation of Jeff A. McMahan under indictment for accepting improper cash and gifts from an Oklahoma businessman.[15][16][17]

    Credit Rating Fitch Moody's S&P
    Oklahoma[18] AA Aa3 AA+


    See also[edit]

    Oklahoma state budget and finances


    Footnotes[edit]

    1. ↑ [1]
    2. ↑ The Oklahoman "2010 Oklahoma Governor's race: New governor to face still budget challenges" Oct. 3, 2010
    3. ↑ Businessweek "Treasurer: Brighter days ahead for Okla. economy" July 14, 2010
    4. ↑ The Edmond Sun, "Skimpy revenue dims state budget picture," October 15, 2009
    5. ↑ State Budget Solutions “States Hide Trillions in Debt” July 22, 2010
    6. ↑ Governor's Office, FY 2011 Budget
    7. ↑ USA Spending, State Guesstimated* Government Spending
    8. ↑ FY 2011 Budget
    9. ↑ FY2011 Budget Book
    10. ↑ The City Wire "Arkansas' budget issues less severe than most states" August 2, 2010
    11. ↑ FY2010 Budget Book
    12. ↑ Oklahoma Open Books, "overview of the process" accessed February 19,2009
    13. ↑ Oklahoma Policy Institute, "Oklahoma Policy Institute's Online Budget Guide," October 2009
    14. ↑ 14.00 14.01 14.02 14.03 14.04 14.05 14.06 14.07 14.08 14.09 14.10 14.11 14.12 14.13 14.14 14.15 14.16 14.17 14.18 14.19 US Government spending, "Oklahoma state and local spending," accessed February 20,2009
    15. ↑ Oklahoma State Auditor and Inspector Web site, accessed November 6, 2009
    16. ↑ NewsOK, "McMahan resigns; impeachment off," June 16, 2008
    17. ↑ audit reports
    18. ↑ State of Indiana, “State Credit Ratings-as of June 24, 2009"
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