The Ondo State Governor, Rotimi Akeredolu, has proposed a total of N169 billion as budget for the state for the 2017 fiscal year.
The estimate is N42 billion more than was budgeted for 2016 by his predecessor, Olusegun Mimiko.
Mr. Mimiko submitted an appropriation bill of about N118 billion to the house in 2016, but after consideration, the House of Assembly raised it to N124 billion.
The Clerk of the State House of Assembly, Bode Adeyelu, announced the arrival of the budget on Tuesday at plenary.
The cover letter for the appropriation bill was signed by the Secretary to the State Government, Ifedayo Abegunde.
Mr. Akeredolu and his Special Adviser on legislative matters, Taofeek Abdusalam, met with the house members behind closed doors before the bill was transmitted.
The Speaker, David Oleyeloogun, read the letter from the executive arm, saying the budget had N95 billion for recurrent expenditure and N58 billion for capital expenditure.
He said N8 billion was earmarked for debt servicing, while N8.3 billion was for the State Universal Basic Education Board for the maintenance of the primary schools across the state.
He noted that N1 billion was specially allocated to the state owned University Of Science and Technology, Okitipupa.
However, Adekunle Ajasin University, Akungba Akoko (AAUA) and Rufus Giwa Polytechnic (RUGIPO) will get N200million each.
The budget has been committed to the Committee on Appropriation, led by Sunday Olajide.
Former Speaker, Jumoke Akindele, in her remarks, tasked the House Committee on Appropriation to give the bill speedy consideration.
Ms. Akindele also appreciated the Governor for allocating N1billion to OSUSTECH.
She said since the coming on board of the new government, the institution had taken a new shape and direction.