Tag: Board of Equalization

Not too shabby: Comparing our revenue forecasts and theirs

Earlier this month, we released a brief that provided our projections for state revenue collections for Fiscal Years 2011 through 2014.  Last week, the State Board of Equalization certified its official preliminary revenue estimates for FY ’12, along with updated… Read more [More...]

FY '12 revenue certification: It still adds up to more hard times

The State Board of Equalization met yesterday to certify preliminary revenue estimates for the upcoming budget year, FY ’12. These estimates will form the basis for the Governor’s Executive Budget that will be delivered in early February; the Board will… Read more [More...]

New certification: Law changes led to $305 million of revenue enhancements for next year

Each year, the State Board of Equalization meets three times to review and approve projected revenues for the upcoming fiscal year – in December, February and June. At this year’s June meeting, which took place earlier this week, the Board… Read more [More...]

Not to worry? Next year's budget projections likely to be met

Once bitten, twice shy. Or is it twice bitten, thrice shy?  Oklahoma’s budgeting laws try to protect against mid-year budget shortfalls by allowing the Legislature to appropriate only 95 percent of the certified estimate of General Revenue (GR) fund collections… Read more [More...]

Revised revenue certification – budget gaps smaller but still perilous

This morning, the State Board of Equalization will meet to certify the revised FY ’11 revenue estimates (we’ve posted the certification packet to our website). The February certification is binding on the Legislature as it develops the FY ’11 budget… Read more [More...]

This hardly seems like a time to brag, but…

The State Board of Equalization yesterday certified official revenue projections for this year and next. Based on actual revenue collections through November and forecasting data for the next seven months, the various agencies involved in generating the certified estimate are… Read more [More...]

Learning from the crisis (1): More frequent and better forecasting can help guide a path

As state leaders struggle with how to manage the enormous budget shortfalls the state faces this year and next, the focus is understandably on decisions that must be made over the coming weeks and months.  But while short-term challenges are… Read more [More...]