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Okla. House Passes Budget Bill During Week One of Legislative Session
Tuesday, February 13, 2018 6:55 AM

In the first week of Oklahoma's 2018 legislative session, lawmakers made progress on an issue that has left them in a quagmire for the past 12 months. That issue has been the deadlock on the state budget. As of last Friday, there was no solid indication that would change. But yesterday, the House passed a budget bill, and it's now on its way to the Senate.

The ongoing budget battle over the last year put new business on hold. Legislation filed for 2018 received little attention, including bills important to Oklahoma credit unions. But the lull in regular business provided an opportunity to lay important groundwork to meet with several lawmakers to convey specific concerns about some bills and offer support for others.

Cornerstone's Oklahoma office is currently tracking more than 150 bills that could impact credit unions, close to 40 of which are high priority.

Historically the first week of session is like the first week of school after summer vacation. At least on the surface, there's an air of congeniality. A casual observer might almost believe all is well and that lawmakers are ready to work in a bipartisan fashion to solve critical issues facing the state… Almost.

Watch for more weekly updates until the legislature adjourns in late May. As always, we welcome any questions, comments, or concerns.