Oklahoma Equalization Board to Set State Budget Outlook
- mike33692
- 25 minutes ago
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Oklahoma Equalization Board Meets to Set Budget Outlook
A key step in Oklahoma’s budget process takes place Friday at the State Capitol, as the Oklahoma Equalization Board meets to release its first official estimate of how much money lawmakers will have available for the next fiscal year.
Why the Equalization Board Matters
The Equalization Board’s revenue estimate sets the ceiling for state spending. Lawmakers rely on the projection to determine how much can be allocated for education, transportation, health care, public safety, and other core government services during the upcoming legislative session.
The board’s figures are based on economic indicators, tax collections, and revenue trends. While the estimate can be adjusted later in the year, Friday’s numbers will frame early budget discussions at the Capitol.
Attorney General Ends Boycott of Meetings
Friday’s meeting is also notable because Gentner Drummond has announced he will attend after previously boycotting the board’s meetings.
Drummond began skipping meetings last year amid concerns over transparency and governance issues related to the board’s operations. His return signals a potential shift toward renewed participation as lawmakers prepare for the next budget cycle.
What Happens Next
Once the estimate is released, legislative leaders will begin crafting budget priorities ahead of the 2026 session. Any significant changes in revenue forecasts later this year could force lawmakers to revisit spending plans.