OKLAHOMA CITY -- State lawmakers should be conservative in their spending and in their plans to additionally reduce taxes, the state's top budget official said Sunday.
State Treasurer Scott Meacham -- who also serves as Gov. Brad Henry's cabinet secretary for revenue and finance -- urged lawmakers to hold the line on spending increases and new tax cuts during the upcoming legislative session until officials know how the latest round of tax reductions and spending will affect the state's revenue picture.
The Oklahoma Legislature reconvenes in February.
"Our rate of growth has slowed significantly," Meacham said. "And prudence dictates we don't make a lot more commitments; both on revenue reduction and expenditures in this environment."
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Labels: Scott Meacham, Spending, Tax Cuts
Posted at 1/07/2008 10:04:00 AM
