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Equalization Board Approves $9.6B Appropriations Authority For FY22 State Budget


Oklahoma’s total fiscal year 2022 budget has grown by more than $1 billion.
The State Board of Equalization on Tuesday approved a total appropriations authority of $9.6 billion. That includes $1.7 billion in non-recurring revenue, which Gov. Kevin Stitt wants to use to replenish state savings accounts and invest in infrastructure projects.
Economic conditions are looking better than they did at the board’s December meeting, including when it comes to employment.
Sector recoveries are mixed. Like, oil and gas is a little bit down. It’s recovering very sluggishly. Same with manufacturing, restaurants and bars, but overall, we’re seeing employment improving through FY21 and FY22, said Office of Management and Enterprise Services budget analyst John Gilbert. ....

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