Tulsa, OK – Oklahoma government agencies processed more than $26 billion in the last fiscal year.
But only $7.1 billion of the revenue was actually appropriated by the Oklahoma Legislature.
An Oklahoma State Senate report says state agencies processed a total of $26.4 billion. That's a figure roughly equivalent to American Airlines' annual revenues. A similar sum can be expected for the fiscal year that began July 1.
In 1992, total state revenues were $8.3 billion. Of 2007's $22.3 billion, only $8.3 billion was directly derived from state taxes.
Some $4.6 billion went into various state insurance trusts, such as public employee retirement funds and federal unemployment programs administered by the state. Those same trusts paid out $1.8 billion in benefits.