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State declares revenue shortfall, cuts all agency budgets by five percent

11 August 2009 249 views No Comment Print This Post
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From The Norman Transcript:

Revenue collections for July, the first month of the new fiscal year, are well below prior year collections and the official estimate.

The shortfall is great enough that state officials have ordered

an across-the-board budget cut in budget allocations to all state agencies this month, State Treasurer Scott Meacham announced today.

Read the rest.

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