By:
David Blatt
December 21, 2011 // Updated: May 1, 2019
On Tuesday, the Board of Equalization certified a preliminary estimate of the revenues available for next year’s budget. The numbers confirm that while the worst of the fiscal crisis is over, the state is experiencing a slow, incomplete recovery that…
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By:
Gene Perry
December 14, 2011 // Updated: May 2, 2019
States are spending billions of dollars per year on corporate tax credits, cash grants and other economic development subsidies that often require little if any job creation and lack wage and benefit standards covering workers at subsidized companies.
These are…
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By:
Gene Perry
December 7, 2011 // Updated: May 2, 2019
A comprehensive new study finds that many consistently profitable companies are paying little to no corporate income taxes on those profits. Out of 265 Fortune 500 companies examined, 68 managed to pay no state income tax in at least one…
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By:
David Blatt
December 6, 2011 // Updated: May 2, 2019
Ken Miller is State Treasurer and a member of the the Task Force for the Study of Tax Credits and Economic Incentives. This originally appeared as an article in the November Oklahoma Economic Report and is reprinted with permission. For…
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By:
Gene Perry
December 5, 2011 // Updated: May 2, 2019
An idea floating around in the tax reform debate has been to swap tax credits for a reduction in the top income tax rate. That’s one of the motivations behind the tax credit task force, which has looked at reigning…
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By:
Gene Perry
November 29, 2011 // Updated: May 2, 2019
Recently Maj. Gen. Rita Aragon, Oklahoma’s Secretary of Veterans Affairs, suggested that school gyms, playgrounds, and athletic fields should be opened to the public after hours. She argued that these “shared-use agreements” for public facilities would reduce obesity, especially in…
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By:
Kate Richey
November 22, 2011 // Updated: May 2, 2019
If all the recent talk about tax credits and exemptions and tax reform have left you scratching your head, you’re not alone. Keeping up with the tax debate – and its accompanying jargon and terminology – can challenge even the…
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By:
Paul Shinn
November 21, 2011 // Updated: May 1, 2019
Today we published “An Incomplete Recovery: The State Budget Outlook 2012-2015.” This is the third of our annual series of forecasts for the state budget. Our goals for this project are both to inform leaders and citizens about the state’s…
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OK Policy’s issue brief is based on revenue forecasts for FY ’12 – FY ’15. Our main findings include:
Oklahoma will face prolonged constraints on the state budget even as the economy and state . recover;
Revenues will remain below…
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For the eighteenth consecutive month since May 2010, General Revenue (GR) collections grew compared to the prior year. October GR was $24.3 million, or 6.3 percent, above collections in October 2010. All major taxes brought in more revenue than one…
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