Oklahoma lawmakers reach budget deal, $80 million for education

Oklahoma lawmakers reach budget deal, $80 million for education

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Governor Mary Fallin, Senate President Pro Tem Brian Bingman, and House Speaker Jeff Hickman announced Friday they had reach an agreement on the budget for 2015 and it includes increasing funding to K-12 education by $80 million.

Governor Fallin announced the agreement via a press release Friday morning. The deal will pump $80 million into public education while making targeted cuts and reconciling several state agency accounts to make up for a $188 million shortfall. Fallin said the cuts will not be made to public safety, higher education, or mental health.

Click here for the complete budget breakdown.

To make up the deficit, $100 from the Cash Flow Reserve Fund was used. The major cuts included $25 million from the Office of Emergency Management Emergency fund, $12 million from the Department of Environmental Quality Revolving Fund, $10 million from the Office of Management and Enterprise Services Emergency and Transportation Fund.

The agreement sets the Fiscal Year 2015 budget at just over $7,121,723,873. That's a decrease of $102.1 million, 1.4 percent, from the previous year.

Also benefiting from the deal is the Department of Human Services. DHS will see an increased budget of $44.6 million for the Pinnacle Plan, the multi-year program aimed at improving the state’s child welfare services, and other initiatives.

The deal also includes raises for 12,378 employees, totaling at $36.8 million.

Fact sheet, supplied from the governor's office.
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