OKLAHOMA CITY (AP) — Early projections show the Oklahoma Legislature will have less money to spend on state programs in the upcoming fiscal year, prompting the state's finance secretary on Wednesday to warn agency leaders to prepare for flat or reduced budgets.
Secretary of Finance Preston Doerflinger said early estimates show the Legislature will have about $6.9 billion to appropriate for the fiscal year that begins July 1. That's about $273 million, or 3.8 percent, less than lawmakers spent on the current fiscal year.
The revenue estimates are expected to be certified on Thursday by the Oklahoma Board of Equalization and will be used by Gov. Mary Fallin to prepare her executive budget, which is often a starting point for budget negotiations with the Legislature.
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