Oklahoma is home to more than 260,000 veterans, and good policy choices like restoring the Oklahoma Earned Income Tax Credit (EITC) would help them and their communities be economically stable.
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By:
Paul Shinn
September 12, 2019 // Updated: September 12, 2019
In the coming years, state leaders will have to address short-term needs to support programs that improve Oklahomans’ health, safety, careers, and infrastructure, even as they face a growing long-term structural budget deficit.
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By:
Paul Shinn
August 28, 2019 // Updated: September 3, 2019
When the Legislature ended Oklahoma’s Earned Income Tax Credit (EITC) refundability in 2016, they reduced an essential tax benefit for over 200,000 Oklahoma families. Prior to that change, if the amount a family received from the EITC was larger than…
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By:
Paul Shinn
July 17, 2019 // Updated: July 18, 2019
Over the past decade, all agencies faced repeated and serious budget cuts, but small agencies were hit hardest, with many seeing their state funding cut by 20 to 50 percent.
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By:
David Blatt
July 10, 2019 // Updated: July 10, 2019
Tax breaks for seniors cost Oklahoma an estimated $310 million annually and do little to help the seniors most in need, according to a new report from the Center on Budget and Policy Priorities.
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By:
David Blatt
June 12, 2019 // Updated: June 19, 2019
Thanks to last year's revenue increases and a strong economy, fueled especially by booming oil and gas revenues, lawmakers entered the 2019 session looking at a large budget surplus It was clear from the start that tax policy would be far less prominent and contentious than in past years.
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By:
Gene Perry
June 6, 2019 // Updated: June 7, 2019
For a second year in a row, the budget approved by Oklahoma lawmakers increases funding significantly from the year before. However, for much of state government, there is still a long way to go before Oklahoma restores funding to where…
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Without accounting for inflation, next year’s appropriations will be the largest in state history, surpassing the $7.567 billion budget in FY 2019.
When adjusted for inflation, next year’s budget remains 10.2 percent below the budget of FY 2009 and 14.9 percent less than the peak year of FY 2007.
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By:
David Blatt
June 5, 2019 // Updated: February 16, 2022
Strong oil and gas tax collections, due in substantial part to lawmakers’ willingness in 2017 and 2018 to restore the gross production tax to higher rates, are a major contributor to the state’s fiscal health.
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By:
Paul Shinn
May 29, 2019 // Updated: May 27, 2021
Overall, it's best to think of this budget as a second step on what needs to be a long journey. When adjusted for inflation, this budget is still 10.1 percent below the FY 2009 level. Over half of state agencies still have lower budgets than they did in FY 2009 without accounting for inflation.
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