OKLAHOMA CITY (AP) - Facing an unprecedented budget shortfall of
$1.2 billion, state leaders used a variety of tactics to close the
They slashed state programs, raised fees and scaled back several
tax incentives offered to business and industry.
But now that the 2010 legislative session has ended, some fear
the budget for future years could be in more trouble if revenue
enhancing measures don't meet expectations.
If that happens, state officials would be forced to implement
even deeper cuts to state agencies and programs.
But Gov. Brad Henry says state leaders were conservative in
their estimates on the roughly $300 million worth of revenue
enhancing measures approved this session.
Henry says he hopes lawmakers will look at tax credits and
ensure they are working to create jobs and new investment.