“It only makes sense,” Oklahoma official asking to cut all appropriated funds to his agency
OKLAHOMA CITY – As state agencies across Oklahoma are trying to make ends meet due to serious budget cuts, one Oklahoma official is asking for all state funding be cut to his agency.
On Tuesday, Oklahoma Insurance Commissioner John Doak requested that the Oklahoma Insurance Department no longer receive appropriated funds.
“Right now, Oklahoma is dealing with a budget crisis,” Doak said. “We certainly want to do everything we can to help with the massive shortfall. Since my office has the ability to operate on the licensing fees we collect, it only makes sense for our appropriation to go elsewhere.”
Since 2011, the department has received just over $9 million in appropriated funds.
However, the Legislature has taken $28.5 million from the department’s revolving account during that same time period.
“Our office continues to do more with less, just like so many Oklahoma businesses have been forced to do during this economic downturn,” Doak said. “Cutting expenses while shoring up revenues is common in the private sector. I encourage the Legislature to seriously consider taking us to non-appropriated statues.”