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With an aging population, unfunded pension obligations, and an outdated tax system, Oklahoma will struggle to provide adequate levels of funding for core public services – even without state policies that make the situation more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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FY 2019 Budget Highlights
[Download this report as a PDF.] The FY 2019 budget increases funding significantly from recent years. State agencies will be appropriated a total of $7.567 billion in FY 2019. This is an increase of $718.5 million (10.5 percent) compared to the initial FY 2018 budget approved last May, and an increase of $601 million (8.6 More...
The education funding package is a major step forward. There’s more work to do.
The Oklahoma Legislature last week passed a set of bills to provide pay raises to teachers, school support staff, and public employees funded primarily by a tax increase on tobacco, motor fuels, and gross production. Passage of the revenue bill was a truly landmark moment: it marked the first time that a major revenue bill More...
Introducing the newly updated Online Budget Guide
To understand how state and local governments operate in Oklahoma, we especially need to understand the budget. The budget is how we allocate resources across all of our publicly-supported institutions – not just state and local government agencies, but also many private businesses and non-profits that receive public funds to do such things as build roads, More...
