With state revenue collections seeing their steepest plunge in a generation, Oklahoma is enduring a tough year of state budget cuts that are already having a harmful effect on families, communities and the economy. However, while the severity of this…
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The Oklahoman’s Michael McNutt covered the remarks I made last week at a panel on the state budget crisis at the University of Central Oklahoma’s Southwest Business Symposium. My conclusions were rather stark:
“We’ve been able to avoid the apocalypse…
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One of the most important provisions of the stimulus bill passed by Congress last February was the assistance provided to beleaguered state budgets in the form of enhanced federal matching rates for Medicaid. Now, as Oklahoma and other states remained…
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From time to time, we use the OK Policy blog to post submissions we receive from Oklahomans who have interesting perspectives on important policy issues for the state. This entry is from Valerie Andrews, Chief Financial Officer of 12&12, a…
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Even assuming that we are in the early stages of what will eventually be a robust economic recovery, Oklahoma’s budget crisis is not going to end anytime soon. Revenue collections this year and next are projected to come in 20…
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If, as Judge Louis Brandeis famously stated, “Sunshine is the best disinfectant”, the Oklahoma Legislature seems to be on a bit of a cleaning frenzy. Several bills making their way through the legislative process this session HB 3422, SB 1633…
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As revenues have come in significantly below estimates this year, funding to state agencies was cut 5 percent a month from August to November and 10 percent each month since (see our updated fact sheet). OK Policy’s intern Matt Gardner…
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With Oklahoma facing a gaping budget hole for the upcoming fiscal year of anywhere from $850 million to $1.6 billion, depending on one’s calculations, the search for new revenues to fill the gap and avoid devastating cuts to services has…
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From time to time, we use the OK Policy blog to post submissions we receive from Oklahomans who have interesting perspectives on important policy issues for the state. This entry is from Tom Daxon, an Oklahoma City CPA who served…
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The latest state revenue collections announced today provided mixed news:
State revenue collections in February exceeded the official estimate for the first time since December 2008, but fell short of prior year collections for the same month, State Treasurer Scott…
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