The Oklahoma tax code is riddled with some 450 ‘tax expenditures’ that reduce state funds by exempting or giving back tax payments for favored groups and activities. Despite widespread rhetoric about the need for serious reform of tax expenditures, eliminating…
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By:
Gene Perry
July 21, 2011 // Updated: May 1, 2019
This post is by Courtney Baker, a summer intern with Oklahoma Policy Institute. Courtney is a senior at Oklahoma State University majoring in political science.
In June, government workers at Tulsa’s city hall successfully fought to keep their jobs in…
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By:
Gene Perry
July 18, 2011 // Updated: May 1, 2019
Last Monday, State Finance Director Preston Doerflinger announced that the state would be depositing $219 million in the Constitutional Reserve Fund (commonly referred to as the “Rainy Day Fund”) this year. Seen alongside news that lawmakers had to overcome a…
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This is a revised and updated version of a page authored by Paul Shinn from OK Policy’s Online Budget Guide
Oklahoma’s Rainy Day Fund helps protect against economic downturns. The Rainy Day Fund (formally known as the Constitutional Reserve Fund)…
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State Finance Director Preston Doerflinger yesterday announced that June General Revenue (GR) collections came in $78.1 million, or 15.7 percent, above last year and $66.2 million, or 13.0 percent, above the official certified estimate. The June collections brought to an…
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By:
Gene Perry
July 7, 2011 // Updated: May 1, 2019
Every year during state budget discussions, state leaders speak about prioritizing spending to protect core services. That’s especially true when times are bad and the overall budget pie is shrinking. However, the distribution of that pie among agencies over the…
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Recently, Governor Mary Fallin made headlines for saying that while she has no immediate plans to propose more income tax cuts, her long-term goal is to do away with the income tax while finding a way to “restructure the state’s…
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Here are ten facts to help anyone better understand Oklahoma’s budget and tax system. A great conversation starter! Download the fact sheet, or click on any of the links for additional information from one of OK Policy’s publications
1) Oklahomans…
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This week, State Finance Director Preston Doerflinger announced General Revenue (GR) collections for May. For the month, GR was $36 million, or 9.5 percent, above May 2010 and $25.4 million, or 6.5 percent, above the certified estimate. May collections would…
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By:
Gene Perry
June 13, 2011 // Updated: May 2, 2019
In an earlier post, we discussed tax breaks that had been extended or newly created in the most recent legislative session. The governor promised to eliminate tax credits that “do not create jobs,” but there were no successful bills to…
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