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OK HB2899
Bill
Status
2/1/2016
Primary Sponsor
Scott Inman
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AI Summary
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Requires the Governor's Executive Budget to include a report with estimated revenues and appropriations for the three fiscal years following the budget year
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Revenue projections must include detailed information for each major tax and major components of miscellaneous receipts
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Expenditure estimates must account for projected changes in population demographics, operating increases, federal funding changes, and user charges
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Budget report must contain a description of the assumptions underlying the revenue and appropriation estimates
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Authorizes the Office of Management and Enterprise Services to contract with Oklahoma higher education institutions or other entities to prepare the three-year projections; effective November 1, 2016
Legislative Description
Public finance; revenue estimation; procedures; effective date.
Last Action
Second Reading referred to Appropriations and Budget
2/2/2016