Senator David Holt Sen. David Holt has introduced Senate Joint Resolution 44, which would ask the people of Oklahoma to set the cap on the state’s Rainy Day Fund at 15 percent of the total state budget (approximately $24 billion). Currently, the Rainy Day Fund’s 15 percent cap is measured against the artificially smaller number of “general revenue fund certification” that was just $5.6 billion for the most recent budget, less than a quarter of the dollar amount actually spent by the state.
Sen. Holt urges reform during budget crisis
Sen. Holt urges reform during budget crisis
Sen. Holt urges reform during budget crisis
Senator David Holt Sen. David Holt has introduced Senate Joint Resolution 44, which would ask the people of Oklahoma to set the cap on the state’s Rainy Day Fund at 15 percent of the total state budget (approximately $24 billion). Currently, the Rainy Day Fund’s 15 percent cap is measured against the artificially smaller number of “general revenue fund certification” that was just $5.6 billion for the most recent budget, less than a quarter of the dollar amount actually spent by the state.