Oklahoma Policy Institute

State Capitol
1:27 pm
Wed April 23, 2014

State Income Tax Cuts Headed To Governor Fallin's Desk

Credit 401(K) 2013 / Flickr Creative Commons

Legislation that would trim Oklahoma's personal income tax rate when state revenue increases has been approved by the state House.

House members voted 54-40 for the Senate-passed measure that is one of Republican Gov. Mary Fallin's top goals for the 2014 Legislature. It now goes to Fallin to be signed into law.

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StateImpact Oklahoma
3:27 pm
Tue April 8, 2014

OK Policy Poll: Voters Oppose Tax Incentives For Horizontal Drilling

Credit Meredithw / Flickr Creative Commons

A new poll shows 64 percent of Oklahoma voters oppose state tax incentives for horizontal drilling and support eliminating the incentive to pay for other government services.

Oklahoma levies a 7 percent tax on oil and gas production, but the horizontal drilling incentive lowers the rate to 1 percent for the first 48 months of production. The incentive expires in 2015, and some Oklahoma lawmakers are pushing to make the reduced rate permanent.

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Tax Cuts
11:30 am
Mon February 17, 2014

OSU Economist, OU President Question Governor's Tax Cut

Gov. Mary Fallin delivers the 2014 State of the State address as Lt. Gov. Todd Lamb and House Speaker T.W. Shannon (R-Lawton) look on - February 3, 2014.
Credit Joe Wertz / StateImpact Oklahoma

Gov. Mary Fallin took her policy priorities to the overall friendly audience of the Greater Oklahoma City Chamber last week. Speaking to the pro-business group’s members, Fallin reiterated her call for a cut to the state income tax rate and the graduation of more “job ready” residents.

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State Capitol
12:31 pm
Tue February 4, 2014

Most Oklahoma Agencies To Take 5 Percent Cut To Make Up Budget Shortfall

Gov. Mary Fallin enters the House chamber of the state capitol shortly before delivering her 2014 State of the State address Monday.
Credit Joe Wertz / StateImpact Oklahoma

Five percent.

That’s how much the governor is asking most entities in state government to cut their budgets. The number should not be much of a surprise. The amount of money available for state lawmakers to spend for the next fiscal year was already down about $171 million over the current year’s figure.

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Energy
12:25 pm
Mon January 27, 2014

Oil And Gas Tax Breaks Leaving Millions On The Table In Oklahoma

An oil rig in Edmond, Okla.
Credit Kool Cats Photography / Flickr Creative Commons

It's not looking good for Oklahoma's budget.

State leaders expect a $170 million shortfall. This year's budget was just half a percent larger than five years ago, without adjusting for inflation. And projections estimate a deficit of up to $2 billion by 2035.

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Oklahoma Voices
10:36 am
Mon October 21, 2013

Economic Development: Where The Jobs Are

Credit Oklahoma Policy Institute

A panel speaking during the Oklahoma Policy Institute’s Summer Policy Institute talked about the ways economic development policies help support jobs in communities.

Panelists discussed the kinds of policies state and local governments should pursue in the creation of stable, good-paying jobs.

They also examined workforce development issues, including the affect of tax incentives and quality of life issues.

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Oklahoma Voices
10:59 am
Mon September 30, 2013

Supporting The Safety Net: Examining Poverty In Oklahoma

Credit Oklahoma Policy Institute

Census Bureau data released in September show that one in six Oklahomans were a part of a family falling below the poverty line - $19,090 for a three-person household. The figures analyzed by the Oklahoma Policy Institute show 23.8 percent of Oklahoma children live in poverty, an increase of 1.7 percent over the last five years.

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8:15 am
Wed August 28, 2013

Comparing State Taxes on Unconventional Oil and Gas Production

Lead in text: 
State government's financial support of horizontal drilling is being questioned. What was once unique, is now commonplace. The Oklahoma Policy Institute and Headwater Econmics studied just where the state ranks in incentives provided to oil and gas companies.
Download the 2-page Major Findings Download the Full Study A new study from Headwater Economics, in conjunction with Oklahoma Policy Institute, finds that Oklahoma's taxes on unconventional production of oil and gas, or horizontal drilling, are among the nation's lowest and would remain relatively low even if the state eliminated the tax breaks currently benefiting horizontal drilling.
Affordable Care Act
9:54 am
Mon August 19, 2013

State Makes Little Effort To Promote Health Exchange

About 70 people show up at a church in Oklahoma City to learn about the Affordable Care Act.
Credit Warren Vieth / Oklahoma Watch

In just six weeks, nearly one in 10 Oklahomans will be able to buy subsidized health policies from private insurance companies through a new online marketplace set up by the federal government.

Many more who don’t qualify for the subsidies will still be able to shop on the marketplace and obtain coverage, even if they’ve been turned down in the past for pre-existing conditions.

But it won’t be simple. Several companies will offer policies, with different levels of coverage. Tax credits will be available for people falling within certain income ranges. Many people will need one-on-one assistance to navigate the registration process.

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