Looming Fiscal Cliff Could Pose Problems for Oklahoma Department - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

Looming Fiscal Cliff Could Pose Problems for Oklahoma Departments

Posted: Updated:

OKLAHOMA CITY (AP) - State officials warn that failure of Congress to address the nation's looming fiscal cliff could have dire consequences for state programs in Oklahoma beginning as early as next year.

Oklahoma's Secretary of Finance Preston Doerflinger (DOR'-fling-ur) told a House panel on Monday the state could lose $137 million in direct federal funding as a result of sequestration, commonly called the fiscal cliff, which refers to the automatic, government-wide spending cuts set to take effect Jan. 1.

More than $50 million of those cuts would be to education programs, but Doerflinger says they also would affect health and human services, public safety and general government.

Incoming House Speaker T.W. Shannon requested Monday's study as a way for the state to prepare for the likely loss of federal funds.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

P.O. Box 8 Tulsa, OK 74101-0008

Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and KTUL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.