After two straight years of cuts, the state’s budget situation remains dire. Despite the economic recovery and improving revenue collections, the state faces a huge shortfall for next year. The substantial non-recurring revenues that were used to balance the budget…
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By:
Gene Perry
April 18, 2011 // Updated: May 2, 2019
As we pointed out in an earlier post, there is more than one way to cut taxes. We can do it in a way that mostly benefits those with the highest incomes, as is the case with cutting the top…
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As the deadline for filing income tax approaches, we return to a favorite blog post from our friend Paul Shinn that we first ran in 2009. You may also enjoy this video tribute to the many things we can be…
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By:
Gene Perry
April 13, 2011 // Updated: May 1, 2019
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…
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With next year’s certified revenues over $500 million less than current year appropriations, deeper budget cuts that could seriously impact the well-being of Oklahoma businesses, families and communities are looming. An OK Policy issue brief makes the case that in…
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Yesterday, State Finance Director Preston Doerflinger announced that March General Revenue (GR) collections came in 9.3 percent above March 2010 and 10.5 percent above the certified estimate. This marked the 11th straight month that GR showed improvement over the prior…
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By:
Gene Perry
April 11, 2011 // Updated: May 2, 2019
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…
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By:
Gene Perry
March 31, 2011 // Updated: May 2, 2019
As the state continues to grapple with severe budget shortfalls, Gov. Fallin’s agenda has mostly involved regulatory changes and managing additional cuts to state services. Yet the governor does have one major new program on her wish list: a deal-closing…
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A recent news report examining proposals to limit the federal tax deduction for charitable giving concluded with a comment that gets to the crux of the debate over tax breaks:
As one donor explained, he doesn’t give to charity to…
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By:
Gene Perry
March 22, 2011 // Updated: May 1, 2019
Another budget year, the same sad story: The combination of tax cuts and the recession results in severe cuts to public services.
Over the past two years, most agencies have lost 15 percent or more of their funding. Even though…
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