Budget & Tax

LOFT Oversight Committee debates how to measure effectiveness

Members of the Oversight Committee for the Legislative Office of Fiscal Transparency (LOFT) voted Tuesday to begin the process of hiring a director for the newly created office, but much of the meeting was spent discussing a more fundamental question: How can officials best measure the effectiveness of LOFT without making it subject to undue political influence?

Ray Carter
August 20, 2019
Budget & Tax

Debate over state savings continues

Gov. Kevin Stitt's decision to prioritize savings for future downturns continues to draw objections.

Ray Carter
August 2, 2019
Budget & Tax

Tribal casino and gaming compacts getting renewed attention

Whereas the majority of casinos in other states are commercially owned, Oklahoma’s casino and gaming compacts have effectively established a monopoly for tribal casinos and gaming. Gov. Kevin Stitt believes it’s time to renegotiate the compacts.

Jonathan Small , Curtis Shelton
July 31, 2019
Budget & Tax

For wealth migration, overall tax burden matters

While the income tax rate may be a good indicator of a state’s potential for growth, a state’s overall tax burden is also an important metric to consider when assessing a state’s financial competitiveness.

Curtis Shelton
July 24, 2019
Budget & Tax

Oklahoma sets new record for revenue collections

Oklahoma’s total revenue collections for fiscal year 2019 set a new record at $13.6 billion. Revenue collections grew by $1.4 billion compared to last year’s total.

Curtis Shelton
July 24, 2019
Budget & Tax, Education

Scholarship tax credit accounts for a tiny fraction of Oklahoma’s total tax credits

Oklahoma offers many tax credits, but none have received the kind of attention over the last few years as the tax credit associated with the Oklahoma Equal Opportunity Education Scholarship program. 

Curtis Shelton
July 16, 2019
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