Tag: Oklahoma

If you think this is bad…Federal fiscal relief funds averted budget doomsday

The state’s deep and prolonged budget crisis has taken a serious toll on public services in Oklahoma.  We have seen rate cuts to providers of community-based health services, elimination of violence prevention programs for at-risk youth, closures of facilities for… Read more [More...]

Pre-K: Oklahoma keeps its ranking as tops in the nation – but will it last?

We’re #1, again! Last month, the National Institute for Early Education Research released the 2009 State Preschool Yearbook,  its annual report on pre-kindergarten education across the nation.  Overall, the report’s press release proclaimed that “Oklahoma was ranked as the leader… Read more [More...]

Over a barrel: HB 2432 makes a flawed system of oil and gas tax subsidies even worse

In their efforts to find additional revenues for the upcoming budget year, legislative leaders and Governor Henry took some strong and politically risky steps to suspend tax credits for various forms of economic activity. But when it came to tax… Read more [More...]

A closer look at the FY '11 budget

As the dust settles on the 2010 legislative session that adjourned on May 28th, we’ve now released a detailed summary of the major highlights of the state budget for the upcoming year.  Our fact sheet includes a set of seven… Read more [More...]

An expert's take on Oklahoma's new sales tax compliance law

One measure adopted this session to mitigate the extent of budget cuts was HB 2359, which aims to increase the collections of taxes owed on purchases made over the Internet or by other remote retailers. After opposition emerged, the final… 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...]

Health care reform (3): Coming sooner for individuals with pre-existing conditions

This is the third in an ongoing series of posts looking at the impact of the new federal health care reform law on Oklahoma and Oklahomans. Our previous posts have explored the “cliff effect” and the  impact on state budgets.… Read more [More...]

Rising foreclosures show recession is still hitting close to home

The latest Numbers You Need, our monthly bulletin of key economic and budget trends and data, reflects continued, if modest, progress on the job front and improved state revenue collections. Previously we reported decent growth in state personal income for… Read more [More...]

What's at stake: Prison powder keg

Back in March, a member of the Board that oversees the state Department of Corrections (DOC) delivered a blunt message to the state’s elected officials about the impact that growing inmate populations and funding cuts were having on the department’s… Read more [More...]

April revenues: Collections have stabilized but remain well below pre-downturn levels

April General Revenue collections were announced this afternoon and provided further confirmation that while the fiscal free fall has now stopped, the return to pre-downturn levels is likely to remain long and slow. Overall, April’s collections of $512.3 million were… Read more [More...]