Guest Post (Indivar Dutta-Gupta): EITC Even Better for Children than We Thought

Indivar Dutta-Gupta is a Policy Advisor for the Center on Budget and Policy Priorities (CBPP). This post originally appeared on the Off The Charts blog. We previously showed that the Earned Income Tax Credit (EITC) for low-income workers lifts more… Read more [More...]

Property tax "cuts" create winners and losers

Two state questions related to property taxes will be on the November ballot. SQ 758 would reduce the maximum annual increase in assessments of homes and agricultural land from 5 percent to 3 percent. SQ 766 would exempt all intangible… Read more [More...]

Update: Rainy Day Fund Basics

This is a revised and updated version of a page from OK Policy’s Online Budget Guide authored by Paul Shinn. [UPDATE: A previous version of this post incorrectly said that the maximum amount for the Rainy Day Fund is 15… Read more [More...]

Guest Blog (Cal Hobson): Bonds. State Bonds.

Cal Hobson served in the Oklahoma Legislature from 1978-2006, including one term as Senate President Pro Tempore. This is an edited version of an article that first appeared in the Oklahoma Observer. In my opinion, when Gov. Mary Fallin’s ill-advised… Read more [More...]

The shrinking state employee workforce

In the wake of three consecutive years of steep budget cuts, the number of state employees staffing correctional facilities, inspecting restaurants and nursing homes, serving victims of abuse and neglect, and performing other public functions has declined sharply. In FY… Read more [More...]

How Oklahomans fare under competing plans for the Bush tax cuts

Middle- and low-income Oklahomans would pay somewhat more in taxes under the Congressional Republicans’ approach to extending the Bush tax cuts than they would under President Obama’s approach, while high-income Oklahomans would pay far less under the Republican approach, according… Read more [More...]

Why total spending has gone up as budgets are cut

OK Policy has spent a lot of time focusing on the real and continuing damage caused by repeated state budget cuts over the past three years, as well as the fact that state tax collections are at historic lows. Meanwhile,… Read more [More...]

Still stuck in a hole: Funding for public education falls flat

The FY 2013 budget negotiated  by legislative leaders and Governor Fallin had some encouraging aspects. Overall appropriations increased by $253 million, or 3.8 percent, and there was additional funding for targeted priorities in human services, health care, transportation and public… Read more [More...]

Guest Blog (Ken Miller, PhD): Tax reform revisited

Ken Miller is the Oklahoma State Treasurer.  This post originally appeared as an article in the May Oklahoma Economic Report and is reprinted with permission.  Oklahoma is doing more than fine with unemployment three percentage points below the national average,… Read more [More...]

FY 2013 Budget overview: Been down so long it feels like up

In the 1960’s, Richard Fariña titled his novel of his college days and experiences, “Been Down So Long It Feels Like Up To Me.” The sentiment might also apply to the state budget for the upcoming year. After being down… Read more [More...]