2012 Oklahoma state budget
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| Submitted | February 7, 2011 |
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| Submitted by | Mary Fallin |
| Submitted to | 52nd Legislature |
| Total revenue | $6.5 billion (estimated) |
| Total expenditures | $6.6 billion (requested) $6.5 billion (enacted) |
| Debt payment | $178 million |
| Website | http://www.ok.gov/osf/Budget/index.html Oklahoma Office of State Finance |
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The Oklahoma State Budget for Fiscal Year 2012, is a spending request by Governor Mary Fallin to fund government operations for July 1, 2011–June 30, 2012. Governor Fallin proposed the budget on February 7, 2011. This was Governor Fallin's first budget submitted as governor.
Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2012, which must be authorized by the Legislature.
The budget crisis of the 2011 Oklahoma state budget caused the Oklahoma State Treasurer's Office to estimate that the 2012 budget would see a $600 million budget shortfall. Following the December 2010 meeting of the Oklahoma State Board of Equalization, the Board certified that the 2012 budget would see a shortfall of $400 million from 2011 levels.
Governor of Oklahoma Mary Fallin's proposed budget relies upon a combination of agency budget reductions, increased tax enforcement, agency consolidations, and government modernization to overcome the budget shortfall. Most agencies are budgeted to receive a 5% across the board cuts, but public safety, healthcare, and education will see smaller cuts of only 3%. If the governor's budget plan is realized, the $400 million deficit will result in a $100 million surplus.
All revenue for the $6.4 billion budget estimate breaks down as follows:
The Governor's budget for 2012 totals $6.6 billion in spending. Percentages in parentheses indicate percentage change compared to FY2011 revised budget base (FY2011 appropriations excluding one-time appropriations). The budget request is broken down by the following expenditures:
The Oklahoma Legislature approved total appropriations for fiscal year 2012 of $6.5 billion. Percentages in parentheses indicate percentage change compared to the Governor's budget. The final appropriations are broken down by the following expenditures:
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