Articles
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Budget & Tax
State budget primer: Terms you need to know
With the 2019 legislative session upon us, the state budget discussion will soon move to the forefront. To better help you understand that discussion, OCPA has put together a few definitions of terms you are likely to hear throughout the session.Curtis Shelton | February 1, 2019
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Budget & Tax
Report shows tremendous revenue collections before 2019 legislative session
Total Gross Receipts collected in December 2018 were $1.15 billion—an increase of 11.8 percent, or $135 million, from the same month in the prior year. The General Revenue Fund (GRF) grew 21.1 percent from the previous year, coming in at $621 million. These are record-breaking numbers heading into the 2019 legislative session.Curtis Shelton | January 29, 2019
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Budget & Tax
How money walks: Tennessee
Tennessee has seen $14.31 billion of annual adjusted gross income move into the state from 1992 to 2016.Curtis Shelton | January 16, 2019
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Budget & Tax
How money walks
When people move between states, their income moves, too. This affects state economies and tax revenue. And the effects compound over time. Some states win big, others are big losers.Jonathan Small | January 10, 2019
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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