Recent Articles

Legislative Service Bureau (LSB)

The Oklahoma Legislative Service Bureau (LSB) is a nonpartisan legislative agency  responsible for producing all computer and information processing services for members and staff of the Oklahoma House  of Representatives and Senate. LSB operates the Oklahoma Legislative Information Service, which… Read more [More...]

Where next year’s shortfall starts: Budget counts on $600-$750 million in one-time revenues

OK Policy’s analysis of the General Appropriations bill and budget documents released this week shows that far more than half of the additional revenues agreed to by legislative leaders and Gov. Fallin as part of the FY 2017 budget consists… Read more [More...]

Budget agreement leaves $243 million in Rainy Day Fund

The budget agreement announced today by legislative leaders and the Governor includes some $1.060 billion in additional revenue above what was certified by the Board of Equalization in February as available for the budget. This includes $200 million in transportation… Read more [More...]

The budget big picture and little picture

The budget agreement announced today by legislative leaders and the Governor proposes a total of $6.778 billion in state appropriated dollars for FY 2017.  This is a decrease of 5.1 percent from the initial FY 2016 budget and of 1.2… Read more [More...]

Child Care/Child Tax Credit

The Child Tax/Child Care Tax Credit is an Oklahoma tax credit that can be claimed by parents of dependent children. Taxpayers can claim the greater of five percent of the federal Child Tax Credit or twenty percent of the federal… Read more [More...]

JCAB (Joint Committee on Appropriations and Budget)

JCAB (Joint Committee on Appropriations and Budget) is a committee governed by separate rules from most legislative committees. It is typically used as a way for House and Senate leadership to introduce and approve new bills in the final weeks… Read more [More...]

Revenue options still on the table could avert budget catastrophe

With less than two weeks until the end of the Legislative session, there’s still no agreement on the state budget. The stakes are exceptionally high: unless legislators agree on ways to close the budget gap, deep cuts are certain to… Read more [More...]

Even amid energy bust, Oklahoma’s oil and gas tax breaks exceed $400 million per year

Oklahoma continues to give up well over $400 million per year in tax breaks to oil and gas producers, even as oil prices fall and the industry sheds thousands of jobs, according to data compiled from the Oklahoma Tax Commission.… Read more [More...]

The down low on taxing downloads

One of the recurring revenue options that Gov. Mary Fallin laid out in her FY 2017 Executive Budget involved “modernizing the sales tax.” This was presented as something of a catch-all category described as “keeping the same low rates and… Read more [More...]

Governor’s Budget 2.0: Cuts are not inevitable

Last week, Governor Mary Fallin took the unusual step of delivering a second budget proposal for the upcoming fiscal year. Her new proposal, dubbed Executive Budget 2.0, adjusts for the changed circumstances since her first budget was announced in early… Read more [More...]