Senate President Pro Tempore Brian Bingman released the following statement after today’s meeting of the State Board of Equalization.
“Today’s certification of revenue figures makes clear that the state faces a difficult budget situation, and that the Legislature must act to ensure that we do not face such a challenge in future years. The Senate stands ready to make the tough decisions that will be necessary to guide the state through these difficult times, and reduce the likelihood of future shortfalls,” said Bingman, R-Sapulpa. “The Legislature must move away from a reliance on using one-time monies to fund ongoing expenditures, and we must address the structural issues that are reducing the amount of revenue available to the Legislature for discretionary spending.
Additionally, we will continue our efforts to review ineffective tax credits and tax exemptions, eliminating those exemptions that are not providing us with a return on our investment.”