Budget hole brings back memories of 1985 (Capitol Updates)

Steve Lewis served as Speaker of the Oklahoma House of Representatives from 1989-1991. He currently practices law in Tulsa and represents clients at the Capitol. You can sign up on his website to receive the Capitol Updates newsletter by email.… Read more [More...]

Yes, most Oklahomans don’t want a tax cut

OK Policy recently commissioned a scientific poll that showed a majority of Oklahoma voters oppose going forward with a tax cut at a time when the state is looking at a $611 million budget shortfall and lawmakers are planning more… Read more [More...]

New poll: Majority of Oklahomans favor halting tax cut amid budget shortfall

A new poll shows that 60 percent of Oklahoma voters support delaying or canceling the income tax cut scheduled for 2016, and only 33 percent still want the tax cut to go forward while the state has a large budget… Read more [More...]

‘Rural Opportunity Zones’ aren’t helping Kansas

We recently wrote about another tax break moving through the Oklahoma Legislature without any evidence that it will work or how much it will cost. HB 1747, by Rep. Tom Newell (R-Seminole), would create “Rural Opportunity Zones” where anyone moving… Read more [More...]

Halt the tax cut

Note: This is an updated and expanded version of a column that ran in the Journal Record. Faced with a $611 million budget shortfall, elected leaders have many tough decisions to make. But one decision should be easy: halting a… Read more [More...]

Lawmakers pushing another unproven tax break with no idea what it will cost

There’s lots of talk at the Capitol this year about the need for greater scrutiny and control of tax incentives. As we’ve discussed, bills authored by the House Speaker and Senate Pro Tem would evaluate all incentives on a regular… Read more [More...]

Options for a balanced approach to solve Oklahoma’s budget gap

Relying on deeper funding cuts to balance the budget would do serious harm to Oklahoma schools, public safety, and economic well-being. Here are 7 feasible and responsible solutions to close the budget hole without damaging our most important services. Read more... [More...]

This nonsensical ‘double dipping’ tax break is costing Oklahoma millions

As Oklahoma faces a more than $600 million budget hole, state leaders have consistently said that “all options should be on the table.” With state services already straining from years of repeated cuts and flat funding, a balanced approach to… Read more [More...]

Proposal aims to get a grip on Oklahoma’s business tax breaks

Oklahoma’s more than 70 business incentives are one of the primary ways the state attempts to create jobs and encourage businesses to locate and expand in Oklahoma. These tax credits, tax exemptions, and cash rebates also have a significant cost.… Read more [More...]

Budget Trends and Outlook – March 2015

Oklahoma faces a giant budget shortfall for the coming year, the result of both slumping energy prices and policy decisions that have dampened revenue collections and increased off-the-top allocations. Our Budget Trends and Outlook fact sheet explains the budget situation… Read more [More...]