The Legislature returns to work today. Here’s what should be top on the agenda.

Political debates often divide us between Republicans and Democrats, between conservatives, progressives, and libertarians. Winner-take-all political campaigns tend to emphasize those divides. But when we envision what a good future looks like for our state, Oklahomans aren’t that far apart.… Read more [More...]

Do economic development incentives “crowd out” expenditures on public goods? (Guest Post: Jia Wang)

Jia Wang, one of OK Policy’s 2013-14 Research Fellows, is a fourth year PhD student in Economics at the University of Oklahoma. Her research interest lies primarily in public economics, especially government expenditure/taxation policy and economic development incentive programs. Policymakers… Read more [More...]

Avoiding devastating health care cuts will require hard choices

A budget committee hearing last week laid out in stark terms what’s at stake in the coming legislative session and made clear that in preparing next year’s budget, bold measures will be needed to avoid potentially devastating cuts. On the… Read more [More...]

Chamber study fails to make persuasive case for maintaining oil and gas tax breaks

The cost of tax breaks for oil and gas production in Oklahoma is escalating rapidly. This fiscal year and next, total incentives for oil and gas production in the  form of lower tax rates and rebates are projected to exceed… Read more [More...]

Graph of the Day: Corrections staffing way down while inmate population rises

Today’s Graph of the Day shows that the number of correctional officers staffing Oklahoma prisons has fallen by 24.5 percent since 2000 and by 20 percent just in the past five years, while the number of inmates continues to rise.  … Read more [More...]

Oklahoma’s gas tax needs a tune-up

In 1987, the median family made $21,691. Today they make more than twice as much. In 1987, the average gas price was $1 a gallon; today it is nearly $3. In that year, the Oklahoma Gazette voted Remington Park Race… Read more [More...]

Oklahoma’s oil and gas tax breaks top $300 million

Tax breaks for horizontal drilling and other forms of oil and gas production are projected to cost the state over $300 million this fiscal year and next, according to new calculations by Oklahoma Policy Institute. This does not  include the… Read more [More...]

Grim revenue forecast points to hard choices ahead

Despite almost four years of economic growth, Oklahoma’s core services have never fully recovered from the steep drop in revenues and repeated budget cuts that accompanied the Great Recession. Now we are facing another stretch of rough budget times and… Read more [More...]

STATEMENT: Striking down of tax cut offers a lifeline to lawmakers

Oklahoma Policy Institute released the following statement in response to the Oklahoma Supreme Court’s decision to strike down HB 2032, the income tax cut and capitol repairs law, because it violates the single subject rule in Oklahoma’s Constitution: The Supreme… Read more [More...]

Join us for the State Budget Summit

OK Policy is pleased to host our first State Budget Summit Thursday, January 16th at the Oklahoma History Center. You can click here to register for the event. With the theme of “Navigating the Perilous Fiscal Waters”, the summit will… Read more [More...]