A State Question parable

Say that you’re a lower-income working-class family and the house you’re living in is falling into disrepair. There are cracks in some of the walls, parts of the backyard fence have fallen in, and you know that pretty soon you’re… Read more [More...]

Hey Mikey! Raising the Rainy Day Fund cap is the one ballot measures everyone can like

Remember Mikey from those old cereal commercials? He was the picky eater whose siblings foisted a bowl of  Life cereal in front of him saying, “It’s supposed to be good for you. But he won’t eat it. He hates everything”.… Read more [More...]

Quick Take: Revenue collections recovering very slowly

The latest revenue collections announced today (PDF) by Treasurer Scott Meacham continue to confirm that while revenues are recovering from their precipitous drop during the worst of the downturn, the recovery is slow and far from complete. September’s General Revenue… Read more [More...]

This ain't over yet: Outlook and recommondations for navigating the ongoing state fiscal crisis

This week OK Policy distributed a 4-page memo on the state budget to all candidates for state offices, which we have now released to a broader audience. The memo is intended to offer policymakers a clearer understanding of the budget… Read more [More...]

Candidate Memo: The State Budget – Outlook and Recommendations

In early October, OK Policy distributed and released a memo to Oklahoma candidates and elected officials on the state budget. The memo was intended to provide a concise summary of our analysis of the state’s fiscal situation, and to suggest… Read more [More...]

Has common education been a budget priority?

One of the more contentious skirmishes in the battle over SQ 744 concerns the question of whether, in the absence of a constitutional amendment basing common education funding on a constitutionally-entrenched formula, Oklahoma’s elected officials have neglected K-12 funding. Supporters… Read more [More...]

State revenue forecasts: Looking backward

Last year at this time, OK Policy began a revenue forecasting project. Our efforts stemmed from the limitations of official revenue forecasting efforts, which are limited to two annual forecasts prepared for the Board of Equalization, issued in December and… Read more [More...]

SQ 744: Whichever ways revenues go, education spending must go up

For anyone who thinks that balancing the state budget in the midst of an economic downturn and declining revenue collections isn’t a tough enough challenge already, just wait to see what happens if Oklahoma voters approve State Question 744. Because… Read more [More...]

Revenue from voter-approved "sin taxes" grew in FY 10, but pace is slowing

In 2004, Oklahoma voters approved a series of measures intended to raise new revenues for education and health care through a state lottery (SQ 705 and 706), gaming compacts (SQ 712), and increased tobacco taxes (SQ 713).  OK Policy has… Read more [More...]

Crisis or correction? Exploring the sharp swings in state spending

The recent history of state appropriations, displayed here from our FY ’11 Budget Highlights fact sheet, shows a  series of successive ups and downs: We see that the state appropriated budget for the current year, FY ’11, is 5.8 percent… Read more [More...]