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SQ 800 to set aside additional funds for state budget

A proposal to set up another reserve fund for the State of Oklahoma is drawing decidedly mixed reactions from statewide entities.

While the State Chamber of Oklahoma said State Question 800 will help stabilize a state budget that is heavily influenced by the traditionally wild fluctuations in the oil and gas industries, the Oklahoma State School Boards Association (OSSBA) said the proposal will have a negative impact on education by tapping one of its major revenue sources.

SQ 800 was approved with little opposition by legislators in the 2018 session as Senate Joint Resolution 35, after Gov. Mary Fallin vetoed a bill (House Bill 1401) that held similar details.

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