Oklahoma Legislature Preparing For Budget Shortfall

As Oklahoma faces the COVID-19 outbreak it's also facing financial trouble. State Treasurer Randy McDaniel expects a $456-million revenue failure this year. State lawmakers are now saying they plan to do whatever it takes to make it up.<br/>

Sunday, April 5th 2020, 3:06 am

By: News On 6

As Oklahoma faces the COVID-19 outbreak it's also facing financial trouble.

State Treasurer Randy McDaniel expects a $456-million revenue failure this year. State lawmakers are now saying they plan to do whatever it takes to make it up.

"I BELIEVE IN A BI-PARTISAN MANNER THAT WE ARE GOING TO FILL THAT SHORTFALL. SO IF YOU'RE WATCHING NEXT WEEK, WE WILL BE FILLING THE BUDGET SHORTFALL. THERE WON'T BE A CUT IN THE CURRENT BUDGET, DESPITE THE SHORTFALL THAT'S BOTH COVID RELATED AND OIL & GAS RELATED," said majority floor leader Jon Echols.

","published":"2020-04-05T08:06:20.000Z","updated":"2020-04-05T08:06:21.000Z","summary":"As Oklahoma faces the COVID-19 outbreak it's also facing financial trouble. State Treasurer Randy McDaniel expects a $456-million revenue failure this year. State lawmakers are now saying they plan to do whatever it takes to make it up.
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