It’s the last Friday in May which means, according to the state constitution, the legislature must end its regular session today. As we send this out, the House still has not approved the bills that make up the state budget. Failure to do so by 5:00 p.m. would mean a special session would be required in order to get a budget before the start of the fiscal year on July 1st.
The budget agreement was announced earlier this week and it will only reduce spending from the current year by one percent. The $6.8-billion spending plan is a billion dollars higher than the amount of certified funds for this session. Lawmakers used a combination of bonding, one-time funds and elimination of important business incentives to pay for the additional spending.
The Oklahoma Coalition for Affordable Housing is proud to have hosted the First Annual Affordable Housing Day at the State Capitol and Legislative Reception in April. We are also pleased on the effective advocacy of our members on several issues, especially those bills that would have reduced or eliminated the Oklahoma Affordable Housing Act.
Thank you to all of our members and other industry supporters for your advocacy!
Oklahoma Coalition for Affordable Housing