Category: Featured Budget & Tax

Everyday Oklahomans will be hurt by sweeping revenue cuts

NOTE: On Sept. 11, 2023, Gov. Stitt called for a special session in October 2023 to address tax reforms. One of the items included in the governor’s request was a “path to zero income tax.”  – – – Oklahoma should… Read more [More...]

FY 2024 Budget: Lawmakers diverted taxpayer dollars to private schools, but missed opportunities to support everyday Oklahomans

[FY 2024 Budget Highlights] Throughout the 2023 legislative session, lawmakers discussed further reducing state revenue by cutting various taxes, with the understanding that any major tax and spending changes would only be passed as part of the state budget. As… Read more [More...]

2023 State Budget Update from OK Policy (Online)

To help Oklahomans better understand Oklahoma’s state budget picture — and what we might expect from this year’s legislative budget negotiations — OK Policy is hosting a 2023 State Budget Update online.  2023 State Budget Update Friday, March 31, 2023… Read more [More...]

The needs of everyday Oklahomans outweigh tax cuts that benefit the wealthy

As Oklahoma’s 2023 legislative session begins, the perennial push for tax cuts that would shrink state revenue will likely return. In 2022, leaders of the Oklahoma House of Representatives championed tax cuts – primarily focusing on reducing the personal income… Read more [More...]

FY 2023 Budget Highlights

The FY 2023 budget makes some good and long-awaited investments in Oklahomans. It also misses several critical opportunities to make generational change, such as investing in common education and funding State Question 781.  [More...]

Cutting taxes this year would be short-sighted and harmful

This legislative session, the Oklahoma legislature is set to consider several proposals that would significantly cut state revenue. Rather than cutting taxes, legislators must consider the state’s long-term fiscal health and its structural deficit by maintaining revenue streams this year and for years to come. [More...]

Oklahoma among least transparent states for state budget process, new OK Policy report shows

A new report from the Oklahoma Policy Institute shows that Oklahoma is among the nation’s least transparent states when engaging its residents during the development of the annual state budget.  OK Policy’s new “Focus on Transparency” report serves as a… Read more [More...]

A Better Path Forward: A Budget and Tax Roadmap for Oklahoma

A Better Path Forward is a comprehensive report from the Oklahoma Policy Institute detailing how the state cut nearly a quarter of the state’s budget capacity and the implications of those decisions. [More...]

FY 2022 Budget Highlights

The FY 2022 budget reverses service cuts but remains at among lowest level in decades. The budget reflects a dramatic, if short-term, turnaround from last year. [More...]

Revenue estimates don’t make budgets. Leaders do.

The State Board of Equalization provided the revenue certification that will serve as the basis for Oklahoma’s budget year that starts July 1, 2021 (FY 2022). The news was better than expected, but doesn’t suggest the state’s long-term budget slide is over. [More...]