Oklahoma House, Senate Committees Pass Budget Legislation

By TIM TALLEY Associated PressOKLAHOMA CITY (AP) — Oklahoma lawmakers on Thursday began the daunting task of addressing a projected $1.3 billion hole in the next state budget, backing legislation that would raise or save roughly $200 million but knowing more difficult haggling lies ahead. Members of House and Senate appropriations committees adopted a series of joint budget bills that would increase revenue, including an attempt to capture about $125 million from a cash-flow reserve fund, and trim tax credits, including limiting a credit for clean-burning motor fuel equipment. Lawmakers also adopted a measure that calls for stepped-up enforcement of tax collections through more auditing and technology services. House Speaker Jeff Hickman said legislative leaders are still developing more substantial revenue-raising proposals, including a proposed cigarette tax that would generate an additional $180 million a year, a price-indexed gasoline tax, a tax on alcohol, and a broad expansion of the state sales tax to some services that would help fund seniority-based teacher pay raises. "We're looking a number of different revenue options," said Hickman, R-Fairview.Read more on NewsOK.com

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