Breadcrumbs
Home / Oklahoma Lawmakers Consider Special SessionOklahoma Lawmakers Consider Special Session
Last Updated on Wednesday, 19 August 2009 02:57 Written by rslcpol Wednesday, 19 August 2009 02:57
From NewsOK.com:
The governor can call a special session or the Legislature can call for a special session with a two-thirds vote, according to the state’s constitution. Possible topics of the special session could include additional budget cuts or using money from the Rainy Day Fund, which has nearly $600 million in it.
Earlier this month, state agency leaders were told to brace for additional budget cuts after tax collections for July, the first month of the state’s fiscal year, came in $75.9 million below what is needed to pay the state’s bills. Officials borrowed about $54 million from the state’s cash reserves and other funds to make up the difference. The revenue shortfall prompted state agencies to cut their August budgets by 5 percent.