Budget
The revenue for Oklahoma Insurance Department's budget is generated primarily from the fees associated with the licenses. For the fiscal year 2009-2010, over 70 percent of the Department's 12.7 million budget was generated from fees. Another 20 percent comes from the State's general tax fund in the form of yearly appropriations, with the remaining 10 percent coming from grants from the United States federal government.
Read more about this topic: Oklahoma Department Of Insurance
Famous quotes containing the word budget:
“The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
—William Howard Taft (1857–1930)
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—Ronald Reagan (b. 1911)