Oklahoma

Oklahoma

Budget Links 

FY2027 (enacted)
FY2027 (proposed)
FY2026 (enacted)
FY2025 (enacted)
FY2024 (enacted)
FY2023 (enacted)
FY2022 (enacted)

Enacted Budget – Fiscal Year 2027

On April 15, Oklahoma Governor Kevin Stitt signed the signed the state’s fiscal 2027 budget bill. The total budget, which includes the general appropriations bill and other smaller bills, authorizes $12.82 billion in spending, an increase of $192 million, or 1.5 percent from fiscal 2026. Certified general fund revenue expenditures total $8.2 billion, which is a 5.4 percent increase from fiscal 2026. Total revenues for fiscal 2025 are projected at $12.63 billion, a decrease of $35 million, or 0.27 percent from fiscal 2026.

The fiscal 2027 budget builds on fiscal restraint, protects state savings, and invests in education. The budget creates an Oklahoma Taxpayer Endowment Fund that will set aside funds from state savings and create a permanent investment fund. The budget invests in education by providing funds to raise the minimum teacher pay scale at all levels and for initiatives to strengthen early literacy and ensure students build a solid foundation in math. It invests in health and human services by providing funds for increased Medicaid utilization and to support changes to the SNAP program. 

Enacted Budget Information
Fiscal Year 2027 Enacted Budget

Oklahoma Board of Equalization Revenue Certification Packet

Governor's Press Release

Legislature Appropriations Summary 

Proposed Budget - Fiscal Year 2027

On February 2, Oklahoma Governor Kevin Stitt released his recommend budget for fiscal 2027. The governor’s recommended budget totals $11.75 billion for fiscal 2027, which is a 6.7 percent decrease from fiscal 2026. Agency appropriations for fiscal 2027 are recommended at $11.36 billion which is a 2.1 percent decrease from fiscal 2026. Total revenue for fiscal 2027 is projected at $12.05 billion with recurring revenues projected at $11.36 billion and one-time revenues projected at $925 million. For fiscal 2027, the expenditure authority for the certified general revenue fund is projected at $8.12 billion, an increase of 4.7 percent from fiscal 2026 authorized expenditures. Total reserves and unspent cash at the end of fiscal 2027 are projected at $2.88 billion. This includes a Constitutional Reserve Fund (Rainy Day Fund) balance of $1.33 billion, a Revenue Stabilization Fund balance of $449 million, and General Revenue Cash and Unspent Authorized funds of $1.11 billion. 

Proposed Budget Highlights 

The budget focuses on the governor’s priorities of being the best state for business, creating pathways from classrooms to careers, promoting Oklahoma around the country and around the world, and protecting the Oklahoma way of life. The recommended budget limits the growth of government and recommends smart reforms to protect the integrity of critical programs for the most vulnerable. Recommendations include the following: 

Modernization and Efficiency Initiatives

• Proposes the creation of the Taxpayer Endowment Fund to strengthen fiscal stability and accelerate income tax relief. 
• Recommends establishing a Program of American Civic Thought and Leadership at the University of Oklahoma. 
• Supports the creation of pathways from classroom to careers by enhancing infrastructure and supporting apprenticeship programs statewide. 
• Proposes a one-time state contribution into a Trump Account established for an eligible child. 
• Recommends improving execution and administration of welfare programs through: 
  
  • The Oklahoma Department of Human Services implementing reforms on the childcare subsidy, evaluating potential reforms on the Advantage program, and improving systems and processes for the Supplemental Nutrition Assistance Program (SNAP) to protect against the cost shift to the State of Oklahoma. 
  • The Oklahoma Department of Mental Health and Substance Abuse evaluating the entire structure and delivery of mental health services to treat Oklahomans most effectively. 
    

Supplemental and One-time Proposals

• Directs funds from excess cash into the Education Reform Revolving Fund to fund the supplemental appropriation due to the shortage in the Ad Valorem Reimbursement Fund that goes to public schools. 
• Provides funds to the Oklahoma Department of Safety for a Trooper Academy. 
• Directs funds to the Quick Action Closing Fund. 
• Provides funds to replenish the State Emergency Funds that were used to mitigate impacts to SNAP beneficiaries by funding Regional Food Banks during the federal shutdown. 
• Includes funds for the Office of Management and Enterprise Services to stand up a statewide call center. 
• Directs funds to the Oklahoma Health Care Authority to address the reduction in the FMAP percentage, maintenance of existing programs and services, and an additional claims week in fiscal 2027. 
  

FY 2027 Spending Proposals

• Provides funds to the State Department of Education and CareerTech to fully fund the Flexible Benefit Allowance. 
• Directs funds to the Department of Mental Health and Substance Abuse to pay the costs associated with the consent decree put in place to improve competency restoration services for defendants declared incompetent to stand trial. 
• Transfers cash from the Unclaimed Property Fund, Oklahoma Medical Marijuana Authority funds, Secretary of State Revolving Fund, the Insurance Department Revolving Fund, and the Oklahoma Tax Commission Revolving Fund to the Special Cash Fund for appropriation. 
  

Proposed Budget Information
Fiscal Year 2027 Budget Proposal 

Revenue Forecast – December 2025