Key terms to understand Oklahoma politics and government.
The Quality Jobs program is a state tax incentive program that provides a quarterly cash payment to qualified companies of up to 5 percent of new taxable payroll. The incentive targets manufacturers and certain other industries that have a new… Read more
The Rainy Day Fund (formally known as the Constitutional Reserve Fund) was created in 1985 in response to a dramatic revenue downturn. It is designed to collect extra funds when times are good and to spend those funds when revenues… Read more
The Reading Sufficiency Act (RSA) was enacted in 1997 to improve Oklahoma children’s reading skills before the end of third grade. Since that time, Oklahoma has made several changes to the Act. In 2011-2012, the legislature established an intensive, accelerated… Read more
Oklahoma makes official revenue estimates that determine how much the Legislature is allowed to appropriate in its annual budget for state agencies. The Legislature is limited to appropriating no more than 95 percent of certified collections. Revenue estimates are certified… Read more
A revenue failure occurs when collections going to the General Revenue Fund (link) fall below 95 percent of the certified estimate (see revenue estimates). The Director of the Office of Management and Enterprise Services declares a revenue failure and reduces… Read more
A revolving fund is a fund of a specific government agency or entity that collects revenues from fees and other sources and supports expenditures of that agency or entity.
In Oklahoma, most revolving funds cannot be spent by the Legislature,… Read more
The Rebuilding Oklahoma Access and Driver Safety (ROADS) Fund is a fund of the Oklahoma Department of Transportation that was created by the Legislature in 2005 to ensure dedicated revenue for the maintenance and repair of state highway and bridges.… Read more
The Sales Tax Relief Credit, sometimes known as the “grocery tax credit,” is an income tax credit that provides a rebate of $40 per household member to households with incomes at or below the following levels:
$50,000 per year for… Read more
A shell bill is a bill that is introduced at the beginning of the legislative session with little or no substantive language. Shell bills are intended to serve as a placeholder for legislative proposals to be filled in later. Shell… Read more
Sine die is a term for the adjournment of an assembly for an indefinite period, from the Latin “without day”. In March 1989, Oklahoma voters approved State Question 620, which provided that regular legislative sessions begin on the first Monday… Read more