State Ends Fiscal Year With $151 Million Surplus
Tuesday, July 10th 2007, 2:00 pm
By: News On 6
OKLAHOMA CITY (AP) -- Oklahoma ended the 2007 fiscal year with a $151 million surplus thanks to a strong economy that brought record revenues to state government.
State Treasurer Scott Meacham says that for a third consecutive year the state's Rainy Day Fund will be filled to its constitutional limit with money to spare.
State lawmakers expected the surplus and appropriated about $140 million of it on a variety of projects last spring.
Preliminary reports show the general revenue fund collected $5.93 billion during the year that ended June 30th. That's $230.3 million more than the previous year.
The Rainy Day Fund will receive a deposit of almost $76 million to bring the total to $571.6 million.