Dear John,

 
When I ran for office, our state was suffering from budget shortfalls and Oklahoma had its credit downgraded. This was unacceptable to voters and a reason I decided to get in the governor’s race as a businessman. I promised then to be a good fiscal steward of recent reforms and budget changes by focusing on building a strong savings account.  

In order to balance our budget, even in hard times, we must first be good savers. Any good, sound business person knows revenues go up and revenues goes down, and we must prepare for the unknown.

Today, I am proud to say that for the first time in state history, the Rainy Day Fund has reached $800 million in savings as of August, and thanks to the dedication and financial stewardship of our legislators, we were able to set aside an additional $200 million in fiscal year 2020 to bring us to $1 billion in total savings.

This is good news! With the new investment, Oklahoma now has the largest savings account in our state’s history.

I am committed to creating financial stability for our state, safeguarding core services, and protecting the Oklahoma taxpayer.  

Thanks for joining us in our vision to be a Top Ten state.

 
Sincerely,

Governor Kevin Stitt