Articles
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Budget & Tax
How money walks: Alaska
Despite having no income tax rate and a low tax burden, Alaska lost $3.06 billion between 1992 and 2016. This is in part due to non-policy factors, such as weather and the high cost of living, creating unique challenges for Alaska.Curtis Shelton | January 4, 2019
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Budget & Tax
How money walks: Nevada
While Nevada saw tremendous growth over the last two decades, Oklahoma has experienced an outflow of wealth.Curtis Shelton | December 26, 2018
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Budget & Tax
How money walks: Washington
Washington has gained $19 billion in annual adjusted gross income, mostly from California ($7.32 billion). This is partly because Washington has remained competitive with no income tax.Trent England & Curtis Shelton | December 19, 2018
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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
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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
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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
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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
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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
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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
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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