Okla. House prepares for the worst
OKLAHOMA CITY—The Oklahoma House of Representatives has passed a bill that would prepare the state for the worst.
House Bill 1917 initiates the Oklahoma State Finance Act, which calls for every state agency to report and prioritize all federal funding.
The bill also mandates all state agencies create a contingency plan in preparation of a 25 percent drop in federal funds.
“Today, more than 40 percent of our annual state budget is based on federal tax dollars,” said Speaker Shannon. “The endless mandates and the lack of leadership from Washington, D.C. have left Oklahoma and the other 49 states dangerously dependent on federal funds and on the verge of a fiscal emergency.”
If passed by the Senate and signed by the governor, HB 1917 will go into immediate effect as an emergency action.
The bill will now move to the Senate.