Governor’s Oklahoma budget calls for $1.4 billion less spending, removal of education funding cap

OKLAHOMA CITY – Gov. Kevin Stitt on Monday called on Oklahoma lawmakers to spend nearly $1.4 billion less in the upcoming budget while cutting two key funding streams.

The Republican governor’s executive fiscal year 2026 budget unveiled Monday proposes slightly more than $11 billion in spending, and includes a 0.5% cut in the state’s personal and corporate income taxes as well as an amnesty program that gives Oklahomans the opportunity to pay past-due taxes without penalty.

Reducing the stat...