OKPOLICY.ORG
An overview of our work on Oklahoma Budget and Tax Issues
With an aging population, unfunded pension obligations, and an outdated tax system, Oklahoma will struggle to provide adequate levels of funding for core public services – even without state policies that make the situation more difficult. We promote policies that will ensure adequate, fair, and fiscally responsible funding of public services.
See all of our budget and tax research here.
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Budget & Taxes Facts
Featured Articles and Reports
OK Policy announces its 2021 policy priority areas
OK Policy has announced its 2021 legislative priorities, focusing on policy initiatives to help Oklahomans live healthier, create thriving families, and develop safe communities. “Even before COVID-19 struck, far too many Oklahoma families and communities were struggling to provide and care for themselves and their families. The pandemic and its economic fallout exposed the enormous 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...
New OK Policy report shows intricate, fragile interconnectedness of public assistance programs for Oklahomans in need
A new report from the Oklahoma Policy Institute — entitled “Plateaus and Cliff Effects in Oklahoma” — is among the first of its kind to examine how public supports and income interact to impact low-income Oklahomans. More...
FY 2021 Budget Highlights
State agencies will be appropriated a total of $7.715 billion in FY 2021. This is a decrease of $283.2 million (3.5 percent) compared to the initial FY 2020 budget approved last May, and just $46 million (0.6 percent) above FY 2019 (see Figure 1). More...
Interactive maps show impact of civil service retirees in Oklahoma
In collaboration with the Oklahoma Public Employees Association and with data provided by the state’s five major retirement systems, OK Policy has developed these interactive maps showing the impact retired public employees have in Oklahoma. More...
Don’t save – Invest!
We cannot save our way to better education, health, and economic outcomes. Prosperity comes from wise investments based on actual need. More...
2020 Focus Areas
OK Policy has determined its focus areas for Oklahoma’s upcoming legislative session based on the organization’s original research, analysis, and feedback from state residents. More...
FY 2020 Budget Highlights
Without accounting for inflation, next year’s appropriations will be the largest in state history, surpassing the $7.567 billion budget in FY 2019.
When adjusted for inflation, next year’s budget remains 10.2 percent below the budget of FY 2009 and 14.9 percent less than the peak year of FY 2007. More...
Increased gross production taxes are fueling state’s revenue boom
Strong oil and gas tax collections, due in substantial part to lawmakers’ willingness in 2017 and 2018 to restore the gross production tax to higher rates, are a major contributor to the state’s fiscal health. More...
Budget Overview: The rebuilding project continues
Overall, it's best to think of this budget as a second step on what needs to be a long journey. When adjusted for inflation, this budget is still 10.1 percent below the FY 2009 level. Over half of state agencies still have lower budgets than they did in FY 2009 without accounting for inflation. More...
