State House committee votes to tighten cap on state spending

OKLAHOMA CITY (AP) -- Legislation that would raise the limit on the amount of tax dollars deposited into the state's Rainy Day reserve fund was amended.<br/><br/>A state House committee amended the

Thursday, April 13th 2006, 6:07 am

By: News On 6

OKLAHOMA CITY (AP) -- Legislation that would raise the limit on the amount of tax dollars deposited into the state's Rainy Day reserve fund was amended.

A state House committee amended the measure Wednesday to place tighter caps on state spending.

The House Appropriations and Budget Committee also approved key planks of Governor Brad Henry's legislative agenda.

It includes bills to create an Economic Opportunity Fund, refine the state's EDGE research fund and to establish a lock-box for gas tax revenues.