Over 90 percent of appropriations will come from the General Revenue Fund. The amount subject to appropriation from the General Revenue Fund is 95 percent of the revenues certified as available for appropriation by the State Board of Equalization - a constitutional body consisting of Oklahoma's Governor, Lieutenant Governor, State Treasurer, Attorney General, Auditor and Inspector, Superintendent of Public Instruction, and President of the State Agriculture Board. The amount certified is based principally on estimates of future tax collections. The law allows the legislature to appropriate only 95 percent of certified revenues as a safeguard against the possibility that actual tax collections turn out to be less than the amount estimated. The goods and services purchased with these funds serve a broad array of public objectives.
Education is the largest category of state government expenditures in Oklahoma.
It accounts for nearly 42 percent of state expenditures. The level of state expenditures that may be appropriated by the legislature is subject to strict constitutional limits that are applied at the beginning of each legislative session. Based only on these appropriated levels, state expenditure growth and tax reductions are likely to be strenuously debated. Contains tax collections, Senate approbriations, and budget information. Oklahoma State Senate Fiscal Year Budget Review Oklahoma's Official Home Page Including Oklahoma Government Faqs.