Articles
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Budget & Tax
Stress test: State can weather another ‘Great Recession’
If Oklahoma faces an economic recession comparable to the “Great Recession” of 2008 to 2010, state government is able to cover the associated downfalls over a five-year period, according to a study conducted by the Legislative Office of Fiscal Transparency.Ray Carter | January 18, 2024
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Budget & Tax, Law & Principles
Millions diverted from law enforcement due to McGirt ruling
One ripple effect of the McGirt ruling is the diversion of millions of dollars from Oklahoma law enforcement, agency leaders recently told state lawmakers.Ray Carter | January 17, 2024
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Budget & Tax
Do Oklahoma tax cuts benefit only the rich? No.
Those who claim that cutting the state income tax would only benefit the wealthy aren’t living in reality.Curtis Shelton | January 15, 2024
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Budget & Tax, Education
Oklahoma school reserves hit $1.2 billion high
The amount of money that Oklahoma public schools carried over at the end of the last state budget year, a sum representing both cash-flow reserves and savings, hit a new high of $1.2 billion on June 30, 2023, according to state government figures.Ray Carter | January 15, 2024
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Budget & Tax
With surging state revenue, Stitt, McCall push for tax cuts
Oklahoma lawmakers are set to have an additional $457.9 million for the 2024 legislative session, with a total of around $11 billion in recurring revenue, leading Governor Kevin Stitt to say those conditions make a tax cut easily achievable in the 2024 legislative session.Ray Carter | December 22, 2023
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Budget & Tax
Baseball star’s contract could save him a fortune in taxes
Shohei Ohtani's unique 10-year, $700 million contract with the Dodgers, featuring deferred payments of $68 million annually, significantly lowers his tax burden.Curtis Shelton | December 14, 2023
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Budget & Tax
Bergstrom seeks gradual Oklahoma income-tax repeal
Under legislation filed by state Sen. Micheal Bergstrom, Oklahoma’s personal income tax would be put on a path to full repeal through periodic tax cuts tied to revenue growth.Ray Carter | December 7, 2023
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Budget & Tax, Education
Purchasing power has declined
In the face of surging inflation and rising expenses in the state, private schools will likely raise tuition to cope with escalating costs and to compete with the rising salaries in public schools.Curtis Shelton | November 14, 2023
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Budget & Tax, Education
Oklahoma teacher salaries have risen dramatically
The average teacher salary in Oklahoma has dramatically increased with a significant portion of the raise attributed to an additional $250 million allocated during the 2023 legislative session.Curtis Shelton | November 10, 2023
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Budget & Tax, Health Care, Law & Principles, Culture & the Family
Oklahoma won’t promote abortion, so Biden administration yanks funds
Attempting to force Oklahoma officials to promote abortion, the Biden administration has stripped the state of several million dollars in federal funds that normally pay for pregnancy tests, cancer screenings, depression screenings, and various other services.Ray Carter | November 7, 2023