Recent Articles

Four takeaways from the Governor’s budget

On Monday, Governor Mary Fallin delivered her State of the State address and  FY 2016 Executive Budget. Her speech emphasized the need to address hurdles in the areas of education, health, and criminal justice that are impeding the state’s progress.… Read more [More...]

Oklahoma’s Budget Outlook: Confronting the Fiscal Gap (State Budget Summit 2015)

Presentation by OK Policy Executive Director David Blatt to the 2015 State Budget Summit, January 29, 2015  Download the presentation (PDF)  Oklahoma’s Budget Outlook: Confronting the Fiscal Gap by dblattok… Read more [More...]

Shell Bill

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 placeholders for legislative proposals to be filled in later. Shell bills… Read more [More...]

Budget road certain to be rocky

As we look ahead to next year’s state budget, one thing is for certain: it’s going to be a very rocky ride. Last month, the Board of Equalization certified $298 million less revenue for next year’s budget than was appropriated… Read more [More...]

State Aid/State Aid Formula

State aid represents the funds that are appropriated by the State Legislature for school districts, and distributed by the State Department of Education through the State Aid Formula.  State aid is based on three categories: foundation aid, incentive aid, and… Read more [More...]

Earned Income Tax Credit

The Earned Income Tax Credit (EITC) is a tax credit that subsidizes work for low-income families. The EITC is the nation’s largest cash or near cash assistance program after the Supplemental Nutritional Assistance Program (SNAP). Together with the Child Tax… Read more [More...]

Revolving Funds

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. The balances of the fund carry over from one year to… Read more [More...]

Motor Vehicle Taxes

Oklahoma’s motor vehicle taxes are a combination of an excise (sales) tax on the purchase of a vehicle and an annual registration fee in lieu of ad valorem (property) taxes. Until 2017, motor vehicles were fully exempt from the sales… Read more [More...]

Corporate Income Tax

Oklahoma’s corporate income tax is set at a flat rate levied upon the taxable income of every corporation doing business within the state or deriving income from business within the state. The rate has historically been set at 6 percent,… Read more [More...]

Striking Title

Striking title is a common procedural maneuver in the Oklahoma Legislature. It is used especially on bills that impact the state budget or bills that are considered to be works-in-progress. The Oklahoma Constitution requires that every bill contain a concise… Read more [More...]