Cutting into the bone: Impact of falling revenues starting to be felt

Anyone hoping for signs that the state’s budget woes had already hit bottom found little to cheer in Tuesday’s  revenue announcement [PDF] from Treasurer Scott Meacham. August General Revenue (GR) collections came in nearly 32 percent below one year ago.… Read more [More...]

Better Served: States are encouraged to broaden sales tax base

Should states be looking at broadening their sales tax bases to cover more currently untaxed services? That is the argument made in a recent paper by Michael Mazerov of  the Center on Budget and Policy Priorities: Most states could improve… Read more [More...]

Non-profits and advocates gather to size up budget situation

Last week, OK Policy convened a meeting of over 30 representatives of non-profit and advocacy organizations to discuss the state’s budget situation. We begin with a presentation on budget trends and outlooks, which can be viewed on our website; the… Read more [More...]

Summer re-run: Domestic violence programs provide shelter from the storm

Note: Occasionally we are re-running blog posts on topical subjects that you may have missed the first time around. Last week, the Tulsa World reported that DVIS (Domestic Violence Interventions Services) of Tulsa has been awarded a $426,335 grant from… Read more [More...]

Taking on tax incentives

In a recent post on our blog, Paul Shinn looked at state tax incentives and made the case for holding them to the same standards of accountability as direct government spending programs.  In the new blog at Tax.com, David Brunori,… Read more [More...]

Short on gas: Low natural gas prices hindering budget turnaround

The continued weakness of natural gas prices and production is the most important factor accounting for Oklahoma’s disappointing revenue collections.  July collections from natural gas production to the General Revenue Fund (GRF) totaled just $22.2 million in July –  a… Read more [More...]

Stimulus education programs bring promise and challenges

Our new Stimulus Update looks at the $52 billion in education funding in the American Reinvestment and Recovery Act (ARRA, better known as the stimulus). The education programs, in contrast to most other ARRA funds coming to state and local… Read more [More...]

Expanded weatherization program–stimulus and investment

Six months into the federal stimulus program (the American Recovery and Reinvestment Act, or ARRA), most of the discussion has centered  on infrastructure projects and the impact on economic recovery and jobs, if any. Today, we’d like to focus on… Read more [More...]

August budget cuts by agency: not quite across-the-board

As a follow-up to our earlier post about the announced cuts to state agencies resulting from the shortfall in July revenue collections, we have prepared a spreadsheet that shows how much of a cut each agency will receive in dollar… Read more [More...]

New Revenue Numbers: The long climb back

As you’ve no doubt already heard, the worst fears about state revenue collections in the beginning of the new fiscal year were confirmed yesterday with the release of July General Revenue (GR) collections. The Treasurer’s office announced that July revenues… Read more [More...]