state of oklahoma - fy 2024
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Governor J. Kevin Stitt's FY 2024 Executive Budget, submitted February 6, 2023, proposes prioritizing education reform including education savings accounts, performance-based teacher pay raises, and reading score improvements, alongside tax relief measures including elimination of the state grocery tax and reductions to personal and corporate income tax rates. The budget maintains a flat spending level while the state holds a historic $4 billion savings account, with FY 2022 generating record gross receipts to the state treasury. The administration also proposes creating an Oklahoma Legacy Fund to diversify revenue sources and advance four stated priorities: driving excellence in education, making Oklahoma business-friendly, defending freedoms, and protecting Oklahomans.
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More budgets from Oklahoma City
Governor J. Kevin Stitt presented Oklahoma's FY 2027 Executive Budget on February 2, 2026, highlighting the state's strong financial position with over $2 billion in savings and stable revenue generated by recent income and grocery tax cuts. The budget emphasizes maintaining flat government budgets, implementing smart reforms for vulnerable populations' programs, and establishing a new Taxpayer Endowment Fund to invest state savings and reduce future tax reliance. The administration prioritizes business development, education-to-career pathways, economic promotion, and protection of Oklahoma's way of life while maintaining fiscal discipline and efficient use of taxpayer dollars.
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