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Okla. Faces Budget Cut Up to 10 Percent (Jan 14, 2011)

OKLAHOMA CITY (AP) — The head of the Senate committee overseeing the Oklahoma budget is warning state agency heads to prepare for funding cuts of up to 10 percent and wants them to produce a plan on how they would make the reductions.

Sen. David Myers said that as he began telling agencies about Oklahoma's bleak financial outlook, many were shaken by the news. In an interview with The Associated Press, he said some of the state's public agencies are looking at "pretty painful" cuts.

A spokesman for Gov. Mary Fallin said it is too early to tell how deeply the budget reductions will be. Some projections show a $600 million shortfall, and a tax cut due to take effect next January will trim an estimated $120 million annually from the state budget.

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