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Budget & Taxes

Featured Report
June 2nd, 2015

OK Policy’s annual Budget Highlights issue brief is one of the most informative and accessible ways to track Oklahoma’s public spending. Read more…

Recent Articles & Reports
June 26th, 2015
'Devon Energy Building - Christmas' by Lane Pearman / CC BY 2.0

With the start of the new fiscal year tomorrow (July 1), many new laws are set to take effect. Perhaps the most consequential new law is one passed last session, HB 2562, which extended and made permanent tax breaks for the state’s oil and gas producers. Under current law, the standard tax on gross production is 7 percent. However, over the  Continue Reading »

June 26th, 2015
Photo by James Cridland / CC BY 2.0

Steve Lewis served as Speaker of the Oklahoma House of Representatives from 1989-1991. He currently practices law in Tulsa and represents clients at the Capitol. You can sign up on his website to receive the Capitol Updates newsletter by email. When I was first elected to the House, former Speaker Bill Willis was still serving as a member after having served  Continue Reading »

June 24th, 2015
Photo by Mark Fischer / CC BY-SA 2.0

This past session, as Oklahoma grappled with a $611 million budget shortfall, a lot was heard about off-the-top apportionments, or tax revenues that are allocated directly to various funds without legislative appropriation. In this year’s State of the State address, Gov. Fallin contended that the reason Oklahoma currently faces substantial budget challenges “is because the General Revenue Fund… is growing smaller.  Continue Reading »