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Lawmakers Give Initial OK to State Budget (May 12, 2011)

OKLAHOMA CITY (AP) — Oklahoma lawmakers have given initial approval to a $6.5 billion state budget for the upcoming fiscal year as the Legislature tries to wrap up its work a week early.

House and Senate committees on Thursday approved a general appropriations bill that will be used to fund state government for the fiscal year that begins July 1. The measure is expected to be considered Friday on the House floor. It includes cuts to agency budgets ranging mostly from less than 1 percent to about 9 percent.

Besides cuts to state agencies, lawmakers plugged a $500 million hole in the budget by using about $120 million in cash flow reserves and money from various agency revolving funds, among other things.

Legislative leaders are trying to adjourn by May 20.

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