2007 Oklahoma state budget

The Oklahoma State Budget for Fiscal Year 2007, was a spending request by Governor Brad Henry to fund government operations for July 1, 2006–June 30, 2007. Governor Henry and legislative leader approved the budget in May 2006.

2007 (2007) Budget of the Oklahoma state government
Submitted byBrad Henry
Submitted to50th Legislature
Total revenue$6.65 billion
Total expenditures$6.64 billion
Websitehttp://www.ok.gov/osf/Budget/index.html Oklahoma Office of State Finance
‹ 2006
2008

Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2007, which must be authorized by the Legislature.

Major Initiatives

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The Governor's budget identified the following major initiatives:

  • Education - day long kindergarten programs statewide, pilot program for middle school math improvement program, reforming high school curriculum, and a bond issue for higher education building projects
  • Health Care - reducing the price of prescription drugs
  • Tax Reform - establish an Economic Development Research Endowment Fund, established a Taxpayer Relief Fund, exemption of Corporate capital gains from taxation and estate tax reform

Key Funding Issues

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The Governor's budget identified the following key funding issues:

Total Revenue

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Tax revenue for Fiscal Year 2007 was $6.5 billion, up 13% from FY2006 levels of $5.75 billion. All revenue of the fiscal year 2007 was $6.65 billion, up 11.5% from FY2006 levels of $5.96 billion. The breakdown is as follows:

  • $6.5 billion - All Taxes
  • $163 million - Revenue Increases
  • $3.5 million - Other Revenue

The Governor's budget called for $17.4 million in tax cuts, including the follows:

  • $13.9 million in decreased income taxes for the retired
  • $3.5 million in Back to School tax holiday

Total Spending

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The Governor's budget for Fiscal Year 2007 totaled $6.64 billion in spending, an increase of 12% over Fiscal Year 2006 levels of $5.95 billion. Percentages in parentheses indicate percentage change compared to 2006. The budget request is broken down by the following expenditures:

  • $111 million - Fiscal Year 2006 Supplementals
  • $29 million - Pay Increases for State employees

Total Appropriations

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The Oklahoma Legislature approved total appropriations for fiscal year 2007 of $6.56 billion. Percentages in parentheses indicate percentage change compared to the Governor's budget. The final appropriations are broken down by the following expenditures:[1]

  • Appropriations by Cabinet Department: $6.56 billion (+0%)
    • $3.46 billion - Education (+0%)
    • $967.9 million - Health (+1%)
    • $723.4 million - Human Services (+3%)
    • $651 million - Safety and Security (+0%)
    • $285.9 million - Transportation (-2%)
    • $105.2 million - Finance and Revenue (-1%)
    • $79.3 million - Judiciary (+4%)
    • $73 million - Commerce and Tourism (+1%)
    • $39.3 million - Veterans Affairs (+0%)
    • $37.3 million - Agriculture (-19%)
    • $35.7 million - Legislature (+1%)
    • $22.4 million - Human Resources and Administration (+5%)
    • $22.4 million - Science and Technology (+0%)
    • $17.3 million - Environment (+5%)
    • $15.1 million - Energy (+12%)
    • $12.9 million - Military (+1%)
    • $9 million - Secretary of State (-12%)
    • $3.2 million - Governor and Lieutenant Governor (+0%)

References

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