OKLAHOMA CITY, OK – While state agencies across Oklahoma are trying to survive serious budget cuts, one Oklahoma official has asked for all state funding be cut to his agency.
Oklahoma Insurance Commissioner John Doak on Tuesday sent a letter to Governor Mary Fallin and the Legislature asking them to not send funding to the Oklahoma Insurance Department (OID) during the next budget year because it can make do with the fees it collects.
“Right now Oklahoma is dealing with a budget crisis,” said Doak. “We certainly want to do everything we can to help with the massive shortfall. Since my office has the ability to operate on the licensing fees we collect, it only makes sense for our appropriation to go elsewhere.”
Doak said the OID has received less than $9.1 million in appropriated funds since he took office in 2011. The Legislature has used $28.5 million from the department’s revolving account during the same period.
“Our office continues to do more with less, just like so many Oklahoma businesses have been forced to do during this economic downturn,” Doak said. “Cutting expenses while shoring up revenues is common in the private sector. I encourage the Legislature to seriously consider taking us to non-appropriated statues.”
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