2007 Oklahoma state budget
The Oklahoma State Budget for Fiscal Year 2007, was a spending request by Governor Brad Henry to fund government operations for July 1, 2006–June 30, 2007. Governor Henry and legislative leader approved the budget in May 2006. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2007, which must be authorized by the Legislature. Major Initiatives. The Governor's budget identified the following major initiatives: Key Funding Issues. The Governor's budget identified the following key funding issues: Total Revenue. Tax revenue for Fiscal Year 2007 was $6.5  billion, up 13% from FY2006 levels of $5.75 billion. All revenue of the fiscal year 2007 was $6.65 billion, up 11.5% from FY2006 levels of $5.96 billion. The breakdown is as follows: The Governor's budget called for $17.4 million in tax cuts, including the follows: Total Spending. The Governor's budget for Fiscal Year 2007 totaled $6.64 billion in spending, an increase of 12% over Fiscal Year 2006 levels of $5.95 billion. Percentages in parentheses indicate percentage change compared to 2006. The budget request is broken down by the following expenditures: Total Appropriations . The Oklahoma Legislature approved total appropriations for fiscal year 2007 of $6.56 billion. Percentages in parentheses indicate percentage change compared to the Governor's budget. The final appropriations are broken down by the following expenditures: