On Tuesday, Governor Fallin and the Republican leadership of the House and Senate announced an agreement on the FY ’12 budget. Total state appropriations for next year will be $6.511 billion, which is $254 million, or 3.8 percent less than…
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By:
Gene Perry
May 10, 2011 // Updated: May 1, 2019
In a recent article on state budget negotiations, House Speaker Kris Steele said he and other state leaders are “doing our best to minimize the cuts” to core agencies. He contrasted the treatment of core agencies to the larger cuts…
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One might imagine that with a $500 million budget shortfall for the upcoming year and the strong likelihood of chronic shortfalls for years to come, Oklahoma legislators would not want to jeopardize millions in annual state and local tax revenue…
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By:
Gene Perry
May 3, 2011 // Updated: May 2, 2019
When we elect someone to public office, should we expect them to use their best judgment in making decisions about the public interest? Or should they adhere to the dictates of outside groups that always take the most simplistic and…
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A new fact sheet from Oklahoma Policy Institute explains the basic of Oklahoma’s individual income tax. The income tax is the largest source of state revenue, making up about one-third of all tax collections. The fact sheet explains three important…
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By:
Gene Perry
April 25, 2011 // Updated: May 2, 2019
Last week, 17 of the top business executives from the Kansas City area made an unexpected request to the governors of Kansas and Missouri – they asked to end tax incentives for their businesses. The letter describes competing incentives as…
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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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