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Brad Henry on Budget & EconomyDemocratic OK Governor |
Beyond our abundant natural resources, Oklahomans have chosen to invest in this state over the last decade. Oklahoma City and Tulsa have revitalized their downtowns and--across the state--our investments in education and economic development are reaping dividends today.
Recent announcements give encouraging signs that our state's economy will continue to grow. In the last month several companies have announced new or expanded operations in the Sooner State.
Great things are happening in Oklahoma. Oklahoma's investment in itself--combined with low energy prices, a stable housing market and an incredible quality of life--are making it a relocation destination for companies from across country.
We must also ensure that our emergency fund is adequate to meet our future needs. This year, I ask for your support in raising the cap on Rainy Day Fund deposits from 10 percent to 15 percent of general revenue collections. We owe that to the people of this state.
In this demanding economic environment, we must make difficult decisions. But, just as the Chinese character for "crisis" also denotes "opportunity," so, too, do the challenges we face present an opportunity to improve government.
Today, I have placed before you a balanced budget that makes precise, surgical cuts while protecting vital state functions such as education, healthcare, transportation and public safety. Through efficiencies and savings that range from purchasing reforms to consolidated information technologies, we can help ensure a government of greater effectiveness and excellence.