The Weekly Wonk is a summary of Oklahoma Policy Institute’s events, publications, blog posts, and coverage. Numbers of the Day and Policy Notes are from our daily news briefing, In The Know. Click here to subscribe to In The Know.
Nearly All Oklahoma Quakes Are Near Injection Wells, But So Is Most of the State
-Headline of a State Impact Oklahoma article by Logan Layden discussing the ties between oil and gas drilling and earthquakes in Oklahoma (source: http://n.pr/1dV6TuE)… Read moreThe post Quote of the Day 2/21/2014 appeared first on Oklahoma Policy Institute.
We have too much money going out the back door in this state.
-Rep. David Dank, R-Oklahoma City, who said the huge amount of money the state has been giving back to corporations through tax credits may be a factor in Oklahoma’s budget shortfall this year (Source: http://bit.ly/1cZ8qeT)
The post Quote of the Day 2/20/2014 appeared first on Oklahoma Policy Institute.
Once again this session, proponents of cuts to Oklahoma’s top income tax rate are arguing that cutting taxes will lead to higher tax revenues, basing their position on the notion that Oklahoma’s tax collections rose after the state cut taxes in the mid-2000s.
Even as most states are enjoying budget surpluses, Oklahoma now faces faltering revenue collections and large budget shortfalls, which could lead to deeper cuts at a time when state agencies are still struggling to recover from the last downturn. Our Budget Trends and Outlook summarizes key points you should know. For a PDF version of this 2-page fact sheet, including 4 graphs, click here.