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Oklahoma State Legislature Reaches Budget Deal
Monday, November 20, 2017 7:00 AM

Special Session Adjourns Sine Die

After 51 days of a contentious Special Session, the Oklahoma State Legislature came to an agreement Friday to fill a $215 million budget shortfall.

The funding measure cuts more than $60 million from state agencies. Those taking the largest cuts are:

  • Higher Education:  –$17.3 million
  • Health Care Authority:  –$15 million
  • Human Services:  –$4 million
  • Mental Health:  –$4 million
  • Transportation:  –$3.6 million

"The budget deal also includes an 8.8 percent pay cut for legislators beginning after the 2018 elections," said Oklahoma Credit Union Association President Nate Webb. "At best, however, House Bill 1019 is a bandage. When lawmakers return to regular session in less than two months, they will face a $678 million shortfall in next year's budget."

The budget agreement now awaiting the governor’s signature will not directly impact Oklahoma credit unions.

If you have questions about the information provided in this article, please contact Nate Webb at nwebb@okcua.coop or call 405-445-1510.