Proposed Budget - Fiscal Year 2025
On February 8, Oklahoma Governor Kevin Stitt released his recommended budget for fiscal 2025. The governor’s recommended budget totals $11.84 billion for fiscal 2025 which is an 8.7 percent decrease, or $1.1 billion, from fiscal 2024. Agency appropriations for fiscal 2025 are recommended at $10.76 billion which is a 5.2 percent decrease, or $586 million, from fiscal 2024. Total revenue for fiscal 2025 is projected at $13.87 billion with recurring revenues projected at $11.04 billion and one-time revenues projected at $2.83 billion. For fiscal 2025, the expenditure authority for the certified general revenue fund is projected at $8.3 billion, an increase of 10.3 percent over fiscal 2024 authorized expenditures. Total reserves and unspent cash at the end of fiscal 2025 are projected at $4.21 billion. This includes a Constitutional Reserve Fund (Rainy Day Fund) balance of $1.27 billion, a Revenue Stabilization Fund balance of $1.53 billion, and General Revenue Cash and Unspent Authorized funds of $1.41 billion.