Post by Logan on Jun 13, 2016 7:58:48 GMT -6
Fallin signs budget bill, acts on other measures to close out 2016 Legislative Session
OKLAHOMA CITY -- Governor Mary Fallin Friday signed the 2017 fiscal year budget bill (Senate Bill 1616) into law. She also signed another bill and vetoed another, closing the book on the 2016 legislative session.
SB 1616, which outlines spending of state tax dollars for the fiscal year that begins July 1, maintains common education funding at current levels, averts closures of hospitals and nursing homes and closes $969.3 million of the $1.3 billion budget gap lawmakers faced this legislative session. The $6.78 billion budget is $360.7 million, or 5 percent, less than the 2016 fiscal year budget prior to the midyear revenue failure. It is $67.8 million, or 1 percent, less than the 2016 fiscal year appropriations as adjusted by the midyear revenue failure.
The $1.3 billion budget hole was the largest in state history.
The governor did veto one line item of the budget bill dealing with volunteer fire department workers’ compensation premiums for the 2017 fiscal year. Volunteer firefighter coverage will not be affected by this line-item veto.
Read more: www.ardmoreite.com/news/20160613/fallin-signs-budget-bill-acts-on-other-measures-to-close-out-2016-legislative-session
OKLAHOMA CITY -- Governor Mary Fallin Friday signed the 2017 fiscal year budget bill (Senate Bill 1616) into law. She also signed another bill and vetoed another, closing the book on the 2016 legislative session.
SB 1616, which outlines spending of state tax dollars for the fiscal year that begins July 1, maintains common education funding at current levels, averts closures of hospitals and nursing homes and closes $969.3 million of the $1.3 billion budget gap lawmakers faced this legislative session. The $6.78 billion budget is $360.7 million, or 5 percent, less than the 2016 fiscal year budget prior to the midyear revenue failure. It is $67.8 million, or 1 percent, less than the 2016 fiscal year appropriations as adjusted by the midyear revenue failure.
The $1.3 billion budget hole was the largest in state history.
The governor did veto one line item of the budget bill dealing with volunteer fire department workers’ compensation premiums for the 2017 fiscal year. Volunteer firefighter coverage will not be affected by this line-item veto.
Read more: www.ardmoreite.com/news/20160613/fallin-signs-budget-bill-acts-on-other-measures-to-close-out-2016-legislative-session