The State Board of Equalization certified last week that Oklahoma will have a revenue shortfall in fiscal 2010 of $729.4 million.

In addition, the board said revenues in fiscal 2011 will be $1.32 billion lower than in fiscal 2010. State Treasurer Scott Meacham said lawmakers should have $5.3 billion to spend in fiscal 2011, about 20% less than appropriated by the Legislature in fiscal 2010.

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