OK Policy's issue brief is based on revenue forecasts for FY '12 - FY '15. Our main findings include:

• Oklahoma will face prolonged constraints on the state budget even as the economy and state . recover;
• Revenues will remain below nominal pre-downturn levels until FY '14;
• After three successive years of budget cuts, next year's budget will rebound slightly but will remain well below pre-downturn levels

The brief also includes recommendations to navigate the fiscal challenges ahead. Oklahoma must create a revenue structure that restores and improves public services, develop a current servuces budget, and improve state budget discipline.

Click here for the full brief

Click here for the 1-page summary

Click here for the Technical Memoradum explaining how the forecasts were developed

Read the press release or the blog post that accompanied the brief

Tulsa World article, "Despite improvements, state's budget picture still has ways to go (11/19/2011)