Lawmakers in the State of Oklahoma reach an agreement on the Fiscal Year 2027 budget.

 

The announcement came on Wednesday that the Oklahoma House of Representatives and Oklahoma Senate, along with Governor Kevin Stitt, have agreed to a deal on the state budget for Fiscal Year 2027. The agreement marks the earliest a comprehensive budget deal has been reached in recent state history.

 

The budget makes significant strategic investments in education, including $27.3 million to fund health insurance increases for teachers, almost $80 million dedicated to reading and math initiatives, including support for the Strong Readers Act, and $85 million for teacher pay raises.

 

The budget also increases funding for the Department of Mental Health to support efforts with the ongoing consent decree, the Oklahoma Healthcare Authority for increased Medicaid utilization and the Department of Human Services for Advantage waiver, changes to the SNAP program and child care teacher recruitment and retention.

 

Governor Stitt stated that the agreement reflects the important priorities for Oklahoma while keeping an eye on the horizon and planning for the future needs of the state.

 

More details on the FY27 budget can be found on the Oklahoma House website at https://former.okhouse.gov/fiscal/FiscalPortal.aspx and the Oklahoma Senate website at https://oksenate.gov/appropriations.