Tag: revenue enhancements

The Weekly Wonk – May 13, 2011

What’s up this week at Oklahoma Policy Institute? The Weekly Wonk is dedicated to this week’s events, publications, and blog posts. This week at OK Policy we reviewed the state’s FY ’12 budget agreement on our blog.  We applaud leadership… Read more [More...]

The FY '12 budget agreement: Playing your best hand with only half your cards

On Tuesday, Governor Fallin and the Republican leadership of the House and Senate announced an agreement on the FY ’12 budget. Total state appropriations for next year will be $6.511 billion, which is $254 million, or 3.8 percent less than… Read more [More...]

New OK Policy report lays out options for protecting Oklahoma public services

In two years of recession and slow recovery, Oklahoma’s public services have struggled to get by with less. Oklahoma families, businesses and communities are feeling the impact in far-ranging ways, including increased class sizes, higher tuition rates, fewer mental health… Read more [More...]

More states push to end the Amazon tax loophole. Will Oklahoma join them?

The state budget crisis has put nearly all public services under intense scrutiny. With most state agencies taking cuts of 15 percent or higher, and more cuts expected, public officials have been forced to streamline operations, eliminating both waste and… Read more [More...]

The three part test for tax credits – and the fourth part we should be asking

When we discuss government budgets, direct spending receives the most attention by far. Less noticed is the substantial expenditure on tax credits and incentives, what some have called the “submerged state.” That inattention may have allowed several unconstitutional measures to… 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...]

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...]

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...]

Inital thoughts on the FY11 budget agreement

Legislative leaders and the Governor yesterday announced their agreement on the FY ’11 budget. We’ve posted the press release here and the document that was provided comparing appropriations for each agency for this budget year and next, and listing the… Read more [More...]

Citizens for Tax Justice questions Oklahoman's defence of state income tax break

Last week, the Oklahoman published a “Tax Day” editorial addressing OK Policy’s recent contributions to the debate on the state budget crisis. They began by emphasizing our common ground: Along with the Oklahoma Policy Institute’s David Blatt, we’ve been urging… Read more [More...]