Oklahoma could lose billions without budget compromise | News
OKLAHOMA CITY – Three days remain for a compromise to be made in Washington.
If one is not reached, Oklahoma stands to have about $10 billion sequestered.
Sen. David Holt said Oklahoma generates about $6 billion to $7 billion but receives another $10 billion from federal funds.
These cuts will directly affect Medicaid, education, public safety and health care.
Oklahoma City schools could lose $2 million just from the special needs program alone.
“It’s like taking a hammer to a problem that maybe requires a scalpel but whatever we do hammer or scalpel; it’s going to hurt and it has to start at some point,” Holt said.
President Obama said he would rather close tax loopholes and deductions instead of letting the automatic sequester to go through.
He said this is a self-inflicted wound that doesn’t have to happen and that it will also weaken military readiness.
Carl Dahms, Vice President of American Federation of Government Employees Local 916, said a host of Tinker civilian employees on average stand to have a decrease in their paychecks.
“For a lot of people this will average out to about a 20 percent pay decrease,” Dahms said. “That’s going to affect house payments, car payments, groceries and everything else. It’s going to be devastating not only for the employees here but for the local economies.”
Upcoming Events near Canadian County
Most popular stories from nearby communities
- Police asking drivers only to report injury accidents, suspending response to others
- UPDATE: Chickasha teen facing multiple charges after high-speed chase, allegedly shooting at officers
- MORE: Wife claims man in Minco officer-involved shooting, stabbing is bipolar
- Teacher assistant arrested after touching student in McDonald’s bathroom
- Chickasha agency helping families spread holiday cheer to troops overseas
- Police follow footprints in the snow to find alleged thief, warning others of cold weather crimes
- Choctaw woman claims she was ripped off by driveway paver
- Oklahoma Geological Survey confirms 2.4 magnitude quake north of Luther Tuesday
- 3.0 magnitude earthquake recorded near Jones area
- House without power goes up in flames, 2 escape blaze unharmed