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Gov. Stitt signs 2022 budget

Oklahoma Governor Kevin Stitt has signed the state Fiscal Year 2022 budget into law.
Oklahoma Governor Kevin Stitt has signed the state Fiscal Year 2022 budget into law.(Gov, Stitt Press Office)
Updated: May. 24, 2021 at 5:19 PM CDT
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OKLAHOMA CITY, Okla. (KSWO) - Oklahoma Governor Kevin Stitt has signed the state Fiscal Year 2022 budget into law.

On Monday, he signed the general appropriations bill, House Bill 2900.

The bill authorizes $9.06 billion for the fiscal year, which starts in July.

The budget for 2022 cuts taxes for all Oklahomans and invests $3.2 billion in education.

It also set back $800 million into the state’s rainy day fund, bringing the total of the fund to $1.3 billion.

Along with House Bill 2900, Governor Stitt also signed House Bill 2895, which puts $80 million into the Rebuilding Oklahoma Access and Driver Safety Fund and House Bill 2961, which reduces the tax rate paid by banking association and credit unions.

A new film tax incentive and a $42 million tax incentive for broadband providers were also signed into law Monday.

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