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flag Oklahoma requests $1.74B in new spending for 2026 amid a $692M budget shortfall.

flag Oklahoma state agencies have requested $1.74 billion in new spending for 2026, a sharp increase from previous years, amid a projected $692 million budget shortfall despite $12.5 billion in base funding and $1.8 billion in reserves. flag The State Regents for Higher Education sought the largest single increase—$426 million—amid ongoing controversies. flag While lawmakers have maintained fiscal discipline since 2019 by saving revenue, critics warn the spending surge, coupled with plans to eliminate the state income tax and cut property taxes, could jeopardize long-term stability. flag Early legislative proposals focus on education, tax cuts, and immigration, but analysts caution that rising demands and declining institutional knowledge may lead to service cuts if revenue shortfalls materialize.

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