Unnecessary and Unaffordable: The case for curbing Oklahoma’s oil and gas tax breaks

Oklahoma should eliminate tax breaks for the oil and gas industry that are no longer needed and are threatening the state’s fiscal stability by squeezing out resources for schools, roads, public safety, and other keys to long-term economic growth, according… Read more [More...]

Unnecessary and Unaffordable: The Case for Curbing Oklahoma’s Oil and Gas Tax Breaks

A new issue brief makes the case that Oklahoma should eliminate tax breaks for the oil and gas industry that are no longer needed and are draining taxpayer funds. Read more... [More...]

Graph of the Day: Common education receiving dwindling share of state budget

This year’s state budget provided no additional dollars for common education, even as total state appropriations grew by 3.2 percent.  Over the past four years, state support for common education has fallen 11.4 percent while public school enrollment has grown… Read more [More...]

The matter with Kansas

Earlier this year, while Oklahoma lawmakers were adjourning their legislative session without a final agreement on Governor Fallin’s top priority of cutting the income tax, Kansas Governor Sam Brownback was celebrating his state’s adoption of major income tax changes. Governor… Read more [More...]

Who pays state and federal taxes in Oklahoma — in 2 charts

[Update: A previous version of chart #1 incorrectly said 2011. The chart is based on 2009/2010 American Community Survey data.] 1) 44 percent of Oklahomans owed no federal income tax in 2010. The vast majority were workers, elderly, disabled, or… Read more [More...]

State Question 766: Intangible property ballot measure would have tangible consequences

This blog post was authored by Michelle Cantrell, a tax specialist residing in Tulsa One of the six ballot measures facing voters this November is State Question 766, which asks Oklahomans whether the state should have the authority to tax… Read more [More...]

Keeping it honest

In a recent blog post, we pointed out that while most core services have seen significant cuts in recent years, transportation has been spared. At a time when many state agencies were absorbing funding cuts of more than 20 percent,… Read more [More...]

Getting what we pay for

We’ve seen plenty of examples of cuts to our state’s core services in recent years, as well as chronic underfunding that is causing us to fall short of many of our common goals. One of the most dramatic examples is… Read more [More...]

Quick Take: New fiscal year off to mixed start

This week’s announcement of General Revenue (GR) collections for the first month of the new fiscal year (FY 2013) provided mixed news for both overall collections and the performance of particular major taxes. Overall GR in July was $382.7 million.… Read more [More...]

You’re doin’ fine, transportation

The past several years have put severe constraints on the state budget. State appropriations remain below their levels of four years ago.  Many state agencies have absorbed funding cuts of over 20 percent, and most have been forced to cut… Read more [More...]