Newspaper article THE JOURNAL RECORD

Fallin Rules out Special Session to Deal with Revenue Failure

Newspaper article THE JOURNAL RECORD

Fallin Rules out Special Session to Deal with Revenue Failure

Article excerpt

OKLAHOMA CITY - Gov. Mary Fallin has ruled out a special session for lawmakers to handle the revenue failure announced last week.

After a meeting of the Board of Equalization, which included pro forma votes to certify revenue estimates announced last week, Fallin told reporters that there's no need to recall lawmakers in January.

"We're so close to the legislative session," she said. "I think all the preparation we've been doing for many months ahead of time, we've pretty much done all we can."

The Legislature reconvenes Feb. 1.

When they return, legislators could be forced to consider appropriations from the Rainy Day Fund to help cover a shortfall that threatens the state's balanced budget. A clearer picture should emerge by then of how much of the revenue shortfall agencies will have to bear through budget cuts.

Fallin also didn't rule out a discussion on the income tax-cut trigger that is expected to cut $57 million in income tax revenue in the 2016 fiscal year. …

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