Governor announces stimulus council

We are very pleased to learn that Governor Henry has announced the creation of a coordinating council to help oversee use of federal stimulus funds. OK Policy was out front in calling for such an entity to allow for input… Read more [More...]

Apply for the Grocery Tax Credit

As tax season approaches, many Oklahomans may be eligible for a tax credit geared to assisting with the rising cost of groceries. The Sales Tax Relief credit, more commonly known as the grocery tax credit, was created in 1990 as… Read more [More...]

FY’10 Certification

On February 17, 2009, the Board of Equalization met and certified a revised, binding estimate of revenues available for appropriation in the upcoming budget year, FY ’10. With the national economic downturn now hitting the state, the Legislature will have… Read more [More...]

FY ’10 Certification

On February 17, 2009, the Board of Equalization met and certified a revised, binding estimate of revenues available for appropriation in the upcoming budget year, FY ’10. With the national economic downturn now hitting the state, the Legislature will have… Read more [More...]

Governor Henry’s FY’10 Executive Budget

Governor Brad Henry delivered his Executive Budget for the upcoming year, FY ’10, on February 2, 2009. Despite declining state revenues, the Governor was able to present a balanced $7.084 billion budget without tax increases, across-the-board budget cuts, or use… Read more [More...]

Options for Addressing State Budget Shortfalls

Oklahoma has now joined the vast majority of states that are projecting shortfalls for the upcoming budget year. As Governor Henry prepares to deliver his FY ’10 Executive Budget for the opening of the 2009 legislative session next week, OK… Read more [More...]

Fact Sheets: The Lottery, Gaming and Tobacco Tax after Four Years

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… Read more [More...]

Increasing the State Earned Income Tax Credit: Targeting Tax Relief to the Working Poor

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… Read more [More...]

Boosting the Grocery Tax Credit – Stand Up for Oklahoma’s Families

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… Read more [More...]

Passing the Buck: How Federal Policies are Worsening State Budget Problems

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… Read more [More...]