Budget & Tax

November 2018 shows state on track for a surplus

November 2018 gross receipts set a record high of $1.03 billion, and the General Revenue Fund beat the estimate by $75 million in November 2018. Legislative changes have accounted for 72 percent of revenue growth for this fiscal year.

Curtis Shelton
December 13, 2018
Budget & Tax

How money walks: Texas

Texas has gained $46.99 billion from wealth migration since 1992. Oklahoma has lost the most wealth to Texas with $1.54 billion moving from Oklahoma to Texas.

Curtis Shelton
December 12, 2018
Budget & Tax

A look at November 2018 revenue collections

November 2018 gross receipts grew $140 million from the prior year to $1.03 billion. Economic growth accounted for 56 percent of the growth in revenue.

Curtis Shelton
December 12, 2018
Budget & Tax

Boom and bust: Oil and gas prices push and pull state tax collections

Oil and natural gas prices have a significant impact on state tax collections. Oklahoma would benefit from a more diverse economy and from tax reforms that reduce volatility in state revenue collections.

Curtis Shelton
December 5, 2018
Budget & Tax

How money walks: Florida

Due in part to Florida’s much friendlier tax climate, the state has gained $156 billion from wealth migration since 1992. Meanwhile, Oklahoma has lost $1.22 billion since 1992.

Curtis Shelton
November 20, 2018
Budget & Tax

October 2018 gross receipts set a record high

October 2018 gross receipts set an October record high of $1.14 billion. Record highs have been set for all four months of this fiscal year.

Curtis Shelton
November 15, 2018
Budget & Tax

Volatile revenue sources make budgeting difficult

Relying on volatile tax sources makes it difficult to predict how much revenue state government will receive. This makes the budgeting process more difficult than it already is. Oklahoma should be wary of increasing its reliance on volatile taxes like the corporate income tax and the gross production tax.

Curtis Shelton
November 9, 2018
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