TITLE

Oklahoma Governor Calls Special Session to Resolve Budget

AUTHOR(S)
Watts, Jim
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/30/2006, Vol. 356 Issue 32391, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Oklahoma Governor Brad Henry has called the Legislature into special session to prevent a dispute over the state's $1 billion revenue surplus. Henry and the Republican leaders in the House have agreed on a compromise budget that would use the surplus to permanently lower the state's income tax rate from 6.25% to 5.5%. But, Senate Democrats want to raise the standard deductions to the federal level. Senate Democratic leader Mike Morgan said that the Senate wanted to ensure that state agencies are adequately funded.
ACCESSION #
21043202

 

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