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Economic Freedom
More Federal Funds Increases Need for Transparency

February 16, 2018 - 10:39am CST

Many often use the level of state revenues at the beginning of this current decade as the reference point to show just how much Oklahoma’s revenues have declined. It may seem odd to remember a time when many in the state of Oklahoma were struggling through the worst recession since 1929 as an enviab... READ MORE

What’s the difference: General Revenue Fund vs. Gross Receipts

February 14, 2018 - 1:59pm CST

The monthly treasurer’s report often references the general revenue fund (GRF) and total gross receipts together, but it is important to understand what these numbers really mean. Gross receipts are the total revenues collected by the state from a multitude of sources, including income and sales ta... READ MORE

Four Questions as Session Begins

February 6, 2018 - 11:30am CST

Actions speak louder than words, but what they tell us is not always obvious. What do our elected officials believe? What are they really trying to do? Here are four questions to ask as we watch the legislative process unfold. Revenue first or reform first? Supporters of bigger government will... READ MORE

Stop Conspiring with Zero Emissions

January 30, 2018 - 10:43am CST

By Byron Schlomach Suppose I told you of a way to imperil the state’s budget, force needless investment spending in an industry that everyone depends on so everyone must help to pay for that spending, destabilize the electric grid, and hand millions of dollars to foreign companies, all at the same ... READ MORE

Limit Local Taxing Power

January 30, 2018 - 10:36am CST

By Trent England Because taxing income means disincentivizing paid work, OCPA advocates shifting the state of Oklahoma away from reliance on income taxes. Moreover, state lawmakers should eliminate the possibility of local income taxes within Oklahoma—while allowing city governments to access avail... READ MORE

Reform the Budgeting Process

January 29, 2018 - 3:50pm CST

By Byron Schlomach Oklahoma needs greater transparency, an all-funds budget, and a streamlined revenue-estimation process. The budget process for a state is more than simply putting numbers on a ledger, and far more than making comparisons to what was spent last year in order to adjust for inflati... READ MORE

State spending grew faster than inflation or population growth

January 22, 2018 - 1:22pm CST

In one generation, total state spending in Oklahoma has increased by $7.2 billion even when adjusted for inflation. This 70% increase shows the size and scope of government growing at an unsustainable rate. Over the same period, Oklahoma’s population grew by just 24%. The recent oil boom, accompani... READ MORE

A Look at the 2017 CAFR

January 18, 2018 - 11:37am CST

The Comprehensive Annual Financial Report (CAFR) is a document put together by the Office of Management and Enterprise Services (OMES) to show the financial position of the state over the past fiscal year. Numerous financial activities are recorded in the CAFR, such as state pension funding levels, ... READ MORE

Film Rebate Payments Since 2010

January 17, 2018 - 1:49pm CST

Since 2010, the Oklahoma Film + Music Office has given $20,282,491.09 through its Oklahoma Film Enhancement Rebate Program. Title Rebate Amount Overexposed $175,737.31 I Can Only Imagine $1,591,176.00 Wildlife $... READ MORE

State Revenues Up. Again.

January 12, 2018 - 10:02am CST

The latest press release from the Oklahoma Treasurer shows another month of revenue growth. With this past December exceeding the collections from December 2016, it marks the eighth straight month of year-over-year increases in revenue collections. Just over one billion dollars was collected during... READ MORE

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