To understand how state and local governments operate in Oklahoma, we especially need to understand the budget. The budget is how we allocate resources across all of our publicly-supported institutions – not just state and local government agencies, but also many private businesses and non-profits that receive public funds to do such things as build roads, operate nursing homes, or provide child care.
The budget is a financial document, but it is also a moral document. How we allocate dollars reflects our common priorities and affects our common achievements. The same is true of how we divide the responsibility to pay for our public services and infrastructure. The taxes and other revenues collected by government represent each person’s investment in shared prosperity.
OK Policy’s Online Budget Guide, fully updated for 2017, is a tool for users to understand Oklahoma state and local governments, particularly how they collect and spend money. In the Online Budget Guide, we look at all sources of funding, not just the major taxes, and all spending, not just state appropriations. To the extent possible, we provide data showing how Oklahoma compares to other states and how spending and taxes have changed over time. We examine how the state budget is developed, and explore the serious fiscal challenges Oklahoma confronts, now and in the future.
continue reading Introducing the newly updated Online Budget Guide