Feb 7 – Session starts
Step 1 – Agencies Submit Budget Request (Oct-Dec)
The Oklahoma budget cycle begins on the agency level. Agencies determine what their financial needs are for the following fiscal year and file a formal Budget Request with the Office of State Finance by Oct. 1
Step 2 – Request Review by Office of State Finance
The OSF reviews each Budget Request and, with the Governor’s office, makes recommendations to the agency.
Step 3 – Funding Estimation Starts (Dec 24-Jan 1)
The State Board of Equalization determines the amount of funding available for appropriation.
Step 4 – Governor Submits Budget (Due Feb 6)
Taking into account the OSF review of agency Budget Requests, the Governor’s must submit a balanced budget to the state legislature.
Step 5 – Funding Estimation Certified
Step 6 – House and Senate Appropriations Committees Begin Review of Agency Budget Requests (Feb-Apr)
Step 7 – Appropriations Committees Set Agency Budgets and Pass Appropriations Bills
Step 8 – Governor Considers Bills (May-June)
Step 9 – Governor Signs Bills
Office of State Finance
Oklahoma Tax Commission
Oklahoma State Treasurer
Oklahoma State Auditor and Inspector
Oklahoma State Board of Equalization
Oct. 1 – Agency submits Budget Request
How the cycle works: