By:
Paul Shinn
September 15, 2010 // Updated: May 1, 2019
Last year at this time, OK Policy began a revenue forecasting project. Our efforts stemmed from the limitations of official revenue forecasting efforts, which are limited to two annual forecasts prepared for the Board of Equalization, issued in December and…
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By:
David Blatt
September 13, 2010 // Updated: May 2, 2019
For anyone who thinks that balancing the state budget in the midst of an economic downturn and declining revenue collections isn’t a tough enough challenge already, just wait to see what happens if Oklahoma voters approve State Question 744. Because…
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By:
David Blatt
September 1, 2010 // Updated: May 2, 2019
In 2004, Oklahoma voters approved a series of measures intended to raise new revenues for education and health care through a state lottery (SQ 705 and 706), gaming compacts (SQ 712), and increased tobacco taxes (SQ 713). OK Policy has…
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By:
David Blatt
August 26, 2010 // Updated: May 1, 2019
The recent history of state appropriations, displayed here from our FY ’11 Budget Highlights fact sheet, shows a series of successive ups and downs:
We see that the state appropriated budget for the current year, FY ’11, is 5.8 percent…
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By:
David Blatt
August 25, 2010 // Updated: May 2, 2019
Earlier this year, we called attention to one of the stranger loopholes in the Oklahoma tax code, the case of the “double deduction” of state income taxes. Federal tax law allows taxpayers who itemize their deductions to claim a deduction…
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An August 2010 Institute on Taxation and Economic Policy report looks at how the group of tax breaks known as “itemized deductions” cost states hundreds of millions of dollars each year while providing no benefit to the great majority of…
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By:
David Blatt
August 10, 2010 // Updated: May 1, 2019
Treasurer Scott Meacham today announced that General Revenue (GR) collections for the first month of the new state fiscal year, FY ’11, came in 9.9 percent above the prior year and 11.9 percent above the official certified estimate. The sales…
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My decision to take vacation over the final week of July and first week of August allowed me to avoid not only some of the worst of the summer heat wave here in Oklahoma but also much of the heated…
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Last week, Treasurer Scott Meacham presented the preliminary data on full-year collections to the state’s General Revenue fund for FY ’10, which ended June 30th. He emphasized both the magnitude of the decline in collections from the prior year –…
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Today, Oklahoma Policy Institute released an issue brief exploring State Question 744, the proposal that will appear on the November ballot that would peg Oklahoma’s education spending to the regional average per pupil expenditure in six neighboring states. On our…
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