The Rainy Day Fund was created in 1985 to protect the state during an economic downturn. It was previously called the Constitutional Reserve Fund.
On that day in 2005, taxpayers even got a refund from the fund.
Rebate checks totaling approximately $ 92 million from the state’s “rainy days” reserve fund were to be mailed to 1.24 million Oklahoma taxpayers within days, the report said. Governor Brady Henry.
Discounts ranged from $ 45 for individuals or married people filing separately in 2004 to $ 90 for a surviving spouse, head of household or married couple filing jointly.
“We know mailboxes are full this time of year, so we ask Oklahoma residents to be on the lookout for a letter from the state of Oklahoma,” said Henry. “This is something they will definitely want to open.”
Here is a look back at the balance each year for the past 20 years, according to the Oklahoma Policy Institute(Note: All balances are at the start of each fiscal year):
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2001: $ 157.5 million
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Allied Steel workers in the lower section of the new dome atop the State Capitol in Oklahoma City, Friday, October 12, 2001. Tulsa World File
2002: $ 340.9 million
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State lawmakers are set to consider House legislation that would increase the prospects of homeless youth.
2003: $ 72.3 million
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“Save Our Schools” piled on the sidewalk for distribution as the teachers’ rally takes place on the south steps of the State Capitol in Oklahoma City on Wednesday, February 12, 2003. Tulsa World File
2004: $ 0.1 million
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On May 6, 2004, participants gather in the Rotunda of the Oklahoma State Capitol for the National Day of Prayer. PAUL HELLSTERN / The Oklahoman
2005: $ 217.5 million
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Governor Brad Henry delivers the State of the State Address at the Oklahoma State Capitol in Oklahoma City on February 7, 2005. Tulsa World File
2006: $ 461.3 million
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Oklahoma Governor Brad Henry waves to the crowd before starting his State of the State Address at the State Capitol on February 6, 2006. Tulsa World File
2007: $ 496.7 million
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Governor Brad Henry and Oklahoma House and Senate honor 45th Infantry Brigade in Oklahoma City, OK, April 10, 2007. STEPHEN PINGRY / Tulsa World File
2008: $ 571.6 million
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Oklahoma seniors mingle and examine booths in the 4th floor rotunda during Seniors Day at the State Capitol in Oklahoma City, OK, Monday, April 14, 2008. PAUL HELLSTERN / Oklahoma
2009: $ 596.6 million
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People stand near the illuminated Christmas tree on the south steps of the Oklahoma State Capitol after the indoor Christmas tree lighting ceremony due to inclement weather in Oklahoma City, Tuesday, December 1, 2009. NATE BILLINGS / The Oklahoma
2010: $ 596.6 million
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Members of the Governor’s Office applaud near the end of his speech as Gov. Brad Henry delivers his annual State of State Message to a Joint Session of Lawmakers in the House Chambers on the State Capitol on Monday afternoon, February 1, 2010. JIM BECKEL / The Oklahoman
2011: $ 0
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The South Steps of the State Capitol are closed due to falling debris in Oklahoma City on October 20, 2011. STEVE GOOCH / The Oklahoma
2012: $ 249.2 million
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The state capital, Oklahoma City, Friday, May 25, 2012. Tulsa World File
2013: $ 579.5 million
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Oklahoma Governor Mary Fallin delivers her State of the State Address to the House of Representatives at the Oklahoma State Capitol in Oklahoma City on Monday, February 4, 2013. JOHN CLANTON / Tulsa World
2014: $ 537.4 million
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Interior of the Oklahoma State Capitol building on December 29, 2014. TOM GILBERT / Tulsa World
2015: $ 537.4 million
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Oklahoma Governor Mary Fallin is applauded by Joel Kintsel, Paul Ziriax and Lt. Gov. Todd Lamb (left to right) and others during his State of the State address at the Capital in Oklahoma City State Monday, February 2, 2015 JOHN CLANTON / Tulsa World
2016: $ 387.4 million
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The exterior of the State Capitol in Oklahoma City, Oklahoma on Monday, February 1, 2016. MATT BARNARD / Tulsa World
2017: $ 242.9 million
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An interior view of the Oklahoma State Capitol Rotunda for Ginnie Graham’s Lobbying Story, February 23, 2017. MIKE SIMONS / Tulsa World
2018: $ 96 million
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A sign at an Oklahoma teachers’ rally at the Oklahoma State Capitol on April 2, 2018. MIKE SIMONS / Tulsa World
2019: $ 454 million
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The south side, considered the main entrance to the Oklahoma State Capitol building, is shown on July 24, 2019. JIM BECKEL / The Oklahoma
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