Budget & Tax

Oklahoma should look at its tax structure

Oklahoma has spent too long straddling the fence with our tax code. It’s time for lawmakers to fix the system, and then reform our tax code so we may compete with Texas, and the rest of the states, and prosper.

Curtis Shelton
September 18, 2018
Budget & Tax

A look at the August 2018 economic report

Total Gross Receipts collected in August came in at $995.1 million—a 13.1%, or $115.4 million, increase from the same month in the prior year. Similarly, the General Revenue Fund grew by 9.9% coming in at $454.6 million. New revenue from legislative changes amounted to $18.3 million, or 16%, of this month’s growth.

Curtis Shelton
September 17, 2018
Budget & Tax, Education

Don’t ignore teacher retirement benefits

When discussing teacher compensation, nearly all the focus revolves around average salaries. But ignoring teacher retirement benefits also ignores the cost to taxpayers.

Curtis Shelton
September 12, 2018
Budget & Tax

A look at August 2018 gross receipts

Tax and fee increases passed during the 2018 session took effect in August, but most of the revenue growth came from a growing economy. Legislative changes resulted in $18.3 million, or 16%, of the total growth for the month.

Curtis Shelton
September 10, 2018
Budget & Tax

The full picture: 401(k) plans vs. public pensions

A clear and full picture of public employee compensation is important when debating whether to increase the tax burden on Oklahomans.

Curtis Shelton
August 31, 2018
Budget & Tax

Same song, second verse

It’s election season, and the two competing worldviews on the ballot are not new.

Jonathan Small
August 31, 2018
Budget & Tax, Health Care

Money in the bank: TSET continues to grow

The Oklahoma Tobacco Settlement Endowment Trust (TSET) board of investors has preliminarily certified $64.8 million in fiscal year 2018 investment earnings. This $64.8 million would be the highest earnings ever recorded by TSET. If TSET continues its current growth rate, the endowment fund will reach $2.5 billion by the mid-2020’s.

Curtis Shelton
August 28, 2018
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