Articles
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Economy
Data suggest Oklahoma economic growth is slowing
Continuing the pattern of recent months, new data indicate Oklahoma’s economic growth is slowing, suggesting lawmakers may have far less growth revenue to spend next year, based on information provided by State Treasurer Randy McDaniel.Ray Carter | November 6, 2019
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Economy
Attack reminds us of Oklahoma's volatile revenue sources
The recent attack on Saudi Arabia’s oil industry puts into light Oklahoma’s precarious economic position.Curtis Shelton | October 11, 2019
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Economy
Oklahoma workers’ comp rates continue decline
Oklahoma Insurance Commissioner Glen Mulready has announced approval of a 5.1-percent decrease in workers’ compensation insurance loss costs for 2020, continuing a downward trend in business costs that was fueled in part by enactment of major workers’ compensation reform in 2013.Ray Carter | September 30, 2019
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Budget & Tax, Economy, Good Government
Stitt’s proposal would not be first change to state gaming compacts
While Gov. Kevin Stitt’s call to renegotiate Oklahoma’s gaming compacts has drawn opposition, Stitt’s proposal would not be the first alteration of those state-tribal agreements. In fact, just over a year ago, the compacts were indirectly revised. And the year-ago revisions drew opposition not from tribal governments, but from officials who felt the new agreement shortchanged state government.Ray Carter | August 26, 2019
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Budget & Tax, Economy, Good Government
Deregulation could spur state growth, lawmakers told
For Oklahoma lawmakers seeking to boost economic growth and job creation in Oklahoma, one expert says a key step is to pare down regulation. “There is considerable evidence, academic evidence, that regulations slow economic growth.”Ray Carter | August 26, 2019
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Economy
Expert says gambling compacts need to better address addiction
The debate over renegotiation of Oklahoma’s gaming compacts with tribal governments has centered on the rates paid by tribes and the impact of renegotiation on state-tribal relations. But some experts say those discussions are overlooking another important factor.Ray Carter | August 7, 2019
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Economy
Tax cuts and economic growth
The debate over whether or not a tax cut will increase revenue misses the point. The purpose of a tax cut is to help grow the economy—and this is exactly what the Brad Henry-era tax cuts accomplished.Curtis Shelton | June 18, 2019
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Economy
Oklahoma migration may hold tax lessons
New research by Federal Reserve Bank officials shows “more people moved out of Oklahoma to live in other parts of the United States than moved in” during each of the past three years, reversing a prior trend of population growth.Ray Carter | April 12, 2019
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Budget & Tax, Economy
Oklahoma falls in national tax climate report
The Tax Foundation’s 2019 State Business Tax Climate Index ranks Oklahoma 26 overall. This is Oklahoma’s worst ranking in the last four years and five spots lower than last year.Curtis Shelton | October 8, 2018
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Budget & Tax, Economy
A look at the April economic report
The Oklahoma Treasurer’s monthly economic report was released this week highlighting April revenue collections. The Treasurer’s report shows a breakdown of total gross receipts collected for the month along with a breakdown of various economic measures for the state of Oklahoma.Curtis Shelton | May 16, 2018