DALLAS - Oklahoma officials hope to use federal stimulus funds to reduce by more than half an estimated shortfall of $900 million in the state's fiscal 2010 budget.

Treasurer Scott Meacham said most of the stimulus money the state would receive is dedicated to education, transportation projects, and other uses that will not reduce the projected shortfall. However, he said, as much as $500 million in budget stabilization funds from the state's allocation can be used to plug some of the holes in the budget for fiscal 2010, which begins July 1.

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