Senator Mike Morgan
President Pro Tempore
Senate District 21
Lincoln, Logan & Payne Counties
For Immediate Release:
December 27, 2005
Senate President Pro Tem Mike
Statement by Senate President Pro Tempore Mike Morgan
“We need to recognize the budget numbers presented
this morning for what they are – estimates based on an economy
that is growing, in great part, due to the latest energy boom in
Oklahoma. To forget the lessons of the past would be reckless and
“We must take a responsible approach and proceed carefully,
choosing first to keep the commitments we have already made and
then to invest in our priorities of education, health care, public
safety and our state’s crumbling roads and bridges.
“We have the opportunity to take bold steps to make tomorrow
better for our children, but we must budget responsibly, knowing
that this energy boom, like others before it, won’t last forever.
One-time revenue windfalls should not be used for recurring expenses,
but rather viewed as an opportunity to make one-time investments
in Oklahoma’s future.”
Note to editors: The State Board of Equalization today certified
the initial estimates for revenue in Fiscal Year 2007. The estimates
include $314 million in growth revenue. The Office of State Finance
is also projecting surplus Fiscal Year 2006 revenue of $445 million.
Final certification will come in February.
For more information contact:
Senate President Pro Tem's Office- (405) 521-5605