By:
Gene Perry
April 23, 2013 // Updated: May 2, 2019
OK Policy released the following statement on the latest tax cut proposal by Governor Fallin and Legislative leaders:
Since 2008, Oklahoma public schools have endured the third largest budget cuts in the nation. Out of control tax breaks contributed to…
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While most attention this year has focused on competing proposals to lower the top income tax rate and curtail tax breaks, another proposal that would cut taxes for corporations by some $50 million has been quietly making its way through…
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Download a pdf of this fact sheet here. For more information, go to our Current Budget Information page and Tax Reform Information page
State revenue collections have not fully recovered from the downturn
Tax collections are at historically low levels…
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By:
Gene Perry
April 10, 2013 // Updated: May 2, 2019
Last week, General Electric announced they would build an energy research center in Oklahoma. The company said it would employ at least 125 people in well-paid, high tech engineering jobs. GE executives said they chose Oklahoma because of proximity to…
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Not too long ago, Oklahoma seemed on the verge of enacting a far-reaching reform of the state’s special-interest tax breaks. Now, after a series of setbacks, the prospect of meaningful reform seems to have vanished.
Oklahoma offers hundreds of tax…
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By:
Gene Perry
March 25, 2013 // Updated: May 1, 2019
Two bills that would restrict the amount of bond debt that Oklahoma can take on are moving through the Legislature (HB 2195 and SJR 10). In a previous post, I discussed why debt is a normal and indispensable part of…
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Oklahoma lawmakers are considering a proposal, HJR 1011, that would change the state constitution to lower the amount by which legislative appropriations can grow from one year to the next. After looking at state spending patterns in recent years, it’s…
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By:
Gene Perry
March 11, 2013 // Updated: May 1, 2019
In recent years, debt seems to have become a dirty word in the Legislature. Lawmakers have refused to approve bonds for amenities like the unfinished American Indian Cultural Center in Oklahoma City and the proposed OK Pop Museum in Tulsa,…
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Last year’s monumental tax debate was marked by a slew of competing proposals to reduce and potentially abolish the state’s personal income tax. Some of the plans tried to make up for some or all of the lost revenue by…
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This Budget Information page and the OK Policy blog provide you the key resources you need to make sense of where things stand with the state budget, follow emerging developments, and explore ideas for managing the state fiscal crisis.
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