OKPOLICY.ORG
Oklahoma’s gross revenue collections are at an all-time high, but funds for the state’s discretionary budget have a $188 million shortfall. The lost revenue is going mostly to transportation spending and oil and gas industry tax breaks. To a lesser extent, it’s going to individual and corporate tax refunds and business subsidies.
– OK Policy Director Gene Perry, discussing Oklahoma’s simultaneous high general revenue collections and budget shortfall (source: http://bit.ly/1eFvhMG)
