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Category Archives: Budget & Tax Basics

Budget Trends and Outlook — March 2018

Written on March 1, 2018 at 9:36 am, by

Download a printable pdf of this fact sheet. Oklahoma’s budget shortfalls continue despite revenue improvements. Lawmakers met in two special session in 2017-18 looking for ways to fill a $215 million hole budget hole that resulted from the Supreme Court… Read more

FY 2018 Budget Highlights

Written on June 8, 2017 at 11:09 am, by

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...

Online Budget Guide

Written on March 8, 2017 at 4:15 pm, by

OK Policy’s Online Budget Guide is a tool for users to understand Oklahoma state and local governments, particularly how they collect and spend money. The Online Budget Guide is intended as a comprehensive resource that combines state and local governments. It looks at all sources of funding, not just the major taxes, and all spending, not just state appropriations. Read more...

2017 Policy Priority: Revenue options for a better budget

Written on February 9, 2017 at 9:27 am, by

See the full list of our 2017 policy priorities Download this fact sheet as a pdf Oklahoma is once again facing a massive budget shortfall. According to preliminary estimates, lawmakers will have about $740 million less for next year’s budget… Read more

The Cost of Tax Cuts in Oklahoma

Written on January 12, 2016 at 9:00 am, by

Repeated income tax cuts since the mid-2000s have reduced state revenues by more than $1 billion annually. These cuts are eroding important public services and threatening Oklahoma’s economic well-being... Read more

The state budget deficit is not just oil prices

Written on May 12, 2015 at 11:12 am, by

Photo by Tooi Ake / CC BY-NC-ND 2.0 Oklahoma lawmakers are now struggling to write a budget with $611 million less revenue available than what was appropriated last year. It’s easy to blame falling energy prices and accompanying job losses… Read more

Rainy Day Fund 101

Written on February 25, 2015 at 10:22 am, by

Photo by Hamed Parham. With the state now facing a massive budget shortfall, attention has turned to tapping the Rainy Day Fund to close a portion of the gap. This post gives an overview of the Rainy Day Fund and… Read more