In the fall of 2004 Oklahoma voters approved three controversial revenue-raising measures that offered the promise of increasing state funding for key public services: a state lottery (SQ 705 and SQ 706), gaming compacts (SQ 712), and tobacco tax increases…
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The EITC (Earned Income Tax Credit) is a refundable tax credit for working families that has been shown to reduce poverty, encourage work, and help local economies. Oklahoma’s state EITC, enacted in 2001, is set at 5% of the federal…
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In these difficult times, an increasing number of Oklahoma families are struggling every week to make ends up meet and keep food on the table. Oklahoma’s Sales Tax Relief Credit, also known as the grocery tax credit, is intended to…
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Federal policies have a major and far-ranging impact ont the fiscal situation of state government. Unfortunately, a whole set of federal polies are converging to worsen Oklahoma’s budget problems. This issue brief by OK Policy examines four broad examples of…
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This fact sheet explores the distribution of benefits from the two largest tax cuts enacted in Oklahoma between 2004 and 2006, based on analysis conducted for OK Policy by the Institute for Taxation and Economic Policy. Almost three-quarter of the…
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Individual income tax collections over the last two state budget years grew by less than 1 percent. This miniscule growth, at a time of a strong state economy, reflects the impact of tax cuts enacted between 2004 and 2006. Analysis…
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Legislation passed on the final day of the 2008 session provides for major additional funding for state transportation projects over the coming years. This fact sheet looks at how the state’s transportation budget is projected to grow from $400 million…
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The 2008 Legislature approved a “maintenance-of-effort” budget that provides a mere 0.7% increase in appropriations for FY ’09 compared to FY ’08. However, as agencies grapple with rising operating costs and unfunded benefit increases, flat funding may fall short of…
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This Insight was produced for the Alliance for Oklahoma’s Future under the direction of David Blatt, then Chair of the Alliance.
Although Oklahoma’s economy continues to show signs of decent growth, the state budget is in rough straits. This Insight…
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This Insight was produced for the Alliance for Oklahoma’s Future under the direction of David Blatt, then Chair of the Alliance.
Governor Brad Henry’s $7.3 billion fiscal 2009 budget reflects the struggle ahead, as rising costs and slowing revenues translate…
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