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OVERVIEW OF PROCESS
Overview of State Budget Cycle and Appropriation Process
- State Fiscal Year - July 1 through June 30
- July through October - Agencies evaluate their needs and formulate their budget request
- October 1 - Agencies submit their budget request to the Governor and the Legislature
- October through December - The Office of State Finance analyzes agency budget requests and develops recommendations at the Governor's direction
- December - First meeting of the State Board of Equalization
- First Monday in February - Governor presents his budget to Legislature
- Early February - Equalization Board meets to establish the official estimate of revenue for the next year
- February through April - Legislative appropriations subcommittees meet to review agency budget requests
- Late-April to Mid-May - Monies are allocated to subcommittees
- May - Subcommittees meet to determine agency budgets for next fiscal year - Appropriation bills are passed by the Legislation
- End of May to early June - Governor evaluates appropriations legislation and makes final decisions to approve, veto or veto line items
- Equalization Board holds meeting to incorporate any new law changes in official estimate
- June 30 - Current fiscal year ends; Agencies submit budgets to the Office of State Finance for approval
CITIZEN EDUCATION
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Data for OpenBooks is provided by the Oklahoma Office of State Finance.
