OpenBooks - Official Estimating Process

Open Books, Oklahoma's Finances: Online and In Action

OFFICIAL ESTIMATING PROCESS

The State Board of Equalization makes an official estimate about how much money the Legislature will have to appropriate the next fiscal year. It does this by projecting the revenue to be collected in a number of state funds. The chart below shows these funds as a percentage of the total official estimate.

Of this official estimate:

95% is available for appropriations
95% is available (if collected) for use in the next year
Revenue collected over 100% of the official revenue estimate is deposited in the Rainy Day Fund

Pie chart showing the State Official Estimate of Funds: 83 percent from the General Revenue Fund, 9 percent from the Education Reform Revolving Fund, 3 percent from the State Transportation Fund, 2 percent from the Education Oil GP, 1 percent from the Special Cash Fund, 1 percent from the Education Lottery Trust and 1 percent from Other funds

CITIZEN EDUCATION

Overview of Process
Official Estimating Process
Where does the Money Come From that the Legislature Appropriates?
Where does the Money Go?
Spending Restrictions
What are the Top 10 Appropriations?

Data for OpenBooks is provided by the Oklahoma Office of State Finance.