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Oklahoma

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    • Headlines : Oklahoma

      Oklahoma faces budget crisis despite economic boom

      NewsOK.com | by Sean Murphy | April 23, 2014

      The problem is that lawmakers over the last decade have created and expanded so many tax breaks and earmarked so much money for special projects that there's no longer enough for basic services.

    • Headlines

      Lawmakers Jockey Over Budget Surpluses

      Stateline | by Elaine S. Povich | April 22, 2014

      According to NASBO, Kentucky and many other states have put the emphasis on restoring funding to education this year. A still incomplete survey of states showed that the vast majority are increasing elementary and secondary education funding, along with transportation and infrastructure.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      Only 11 states depended on the federal government for more than one-third of their total revenues in 2001. By 2012, 24 states found themselves in this situation. SBS partnered with the Washington Examiner partnered to expose this trend of increased state dependency.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Budget timeline: Annual 

      Fiscal Year starts: July 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

      Ok Gov Mary FallinGov. Mary Fallin
      Office of Governor Mary Fallin
      State Capitol Building
      2300 Lincoln Blvd., Suite 212
      Oklahoma City, OK 73105
      Phone: (405) 521-2342
      Fax: (405) 521-3353

       

       

       

      Preston Doerflinger, Director
      Office of State Finance
      2300 N. Lincoln, Room 122
      State Capitol Building
      Oklahoma City, OK 73105-4801
      Phone (405) 521-2141
      Fax: (405) 521-3902
      http://www.osf.state.ok.us/

       

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2011 Comprehensive Annual Financial Report compiled by the state government, and click here for information on the state's pension liabilities.   

       

      Oklahoma is required to pass a "balanced budget."  62 Okl. St.  § 41.33 requires a budget message outlining the fiscal policy of the State for the biennium and describing the important features of the budget plan.  This plan provides a summary of the budget setting forth aggregate figures of proposed revenues and expenditures and the balanced relations between the proposed revenues and expenditures and the total expected income and other means of financing the budget compared with the corresponding figures for the preceding biennium.  Additionally, Article 10, Section 23 of the Constitution sets regulations "to ensure a balanced annual budget".  The Oklahoma Budgetary Comparison Schedules within its annual report indicated the State ran budget deficits (negative net transactions) for each of the years studied.  State law forbids the carrying over of a deficit from one year to the next.

       

      The Oklahoma Constitution limits appropriations to the appropriations limit from the previous year, adjusted for inflation and the change in population.  This is commonly called "budgeting for fiscal discipline," and is a way to keep the growth of appropriations from outpacing the growth in revenues from year to year.

       

      The State has four governmental funds: the General Fund, the Commissioners of the Land Office Permanent Fund, the Department of Wildlife Conservation Permanent Fund, and the Tobacco Settlement Endowment Permanent Fund.  The State's annual budget is prepared on the cash basis utilizing encumbrance accounting.  Only the General Fund is budgeted.  Although information on the Budgetary Comparison Schedules is presented neatly and efficiently, actual and budget figures are hardly in sync since only one fund is budgeted.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

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      Oklahoma Council
      of Public Affairs
    • Pensions :

    • HEADLINES

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • HEADLINES: Oklahoma

      Oklahoma pension problems: $823 million annual debt, or $3.4 billion in savings after 30 years?

      Capitol Beat OK | by Patrick McGuigan | April 7, 2014

      Edging toward final approval at the state Capitol is a proposal that would shift the Sooner State's largest government pension plan (the Oklahoma Public Employees Retirement System, or OPERS) away from the billions it faces in unfunded liabilities for the "defined benefit" pensions most public employees now receive.

    • View All Oklahoma articles
    • Unions :

    • HEADLINES

      Some state pensions in dire straits

      USA Today | by Dustin Racioppi | March 21, 2014

      Not making payments to the pension funds, or only paying a portion of what an actuary has recommended, is largely what got these debt-burdened states to where they are today, experts say.

    • HEADLINES

      Common-Core Tensions Cause Union Heartburn

      Education Week | by Andrew Ujifusa and Stephen Sawchuk | February 20, 2014

      From the early days of the Common Core State Standards, the two national teachers' unions have been among the initiative's biggest boosters, helping to make the case to the nation's 3.5 million teachers for the tougher expectations and putting significant money into the development of aligned curricula and tools.

      But in some union quarters, that support is starting to waver—the product of flawed implementation in states, concerns about the fast timeline for new testing tied to the standards, and, in at least one instance, fallout from internal state-union politics.

    • View All Oklahoma articles
    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • OPINION: Pensions

      On pensions, don't betray Oklahoma's public retirees

      by Bob Williams | February 10, 2014

      The devastating effects that a broken defined benefit pension system can have on employees, retirees and their communities is a wake up call. Oklahoma owes it to its hardworking public servants to pursue real pension reform before it is too late.

    • BLOG: Revenue, Budget Transparency

      Principles of a good tax system

      by Jason Mercier | October 14, 2013

      The fundamental building blocks of a good tax structure include simplicity, accountability, economic neutrality, realiability and fairness.

    • BLOG: Education, K-12 Education

      Tensions in Common Core debate are boiling over

      by Joe Luppino-Esposito | October 1, 2013

      The fight over Common Core State Standards started quietly but has become increasingly intense as states make decisions regarding its implementation and school districts address the concerns of parents. The debate has taken harsh turn recently, with displeasure with the program that aims to make educational standards consist across states for grades K-12 coming out in a range of ways, from nasty notes from a governor to an arrest for assault. 

    • BLOG: Federal Government Impact, Medicaid

      State attorneys general lead the federalism fight

      by Joe Luppino-Esposito | September 17, 2013

      One look at the upcoming cases before the Supreme Court and the federal courts of appeal would suggest that states and the national government have a destructively adversarial relationship. Should we be worried about this constant conflict?

    • BLOG: Medicaid

      Propaganda: It's our money. Fact: No it's not

      by Jonathan Small | August 22, 2013

      It's as if proponents of the Medicaid expansion don't realize that our federal government has debt over $16 trillion and mounting.

    • Headlines : Oklahoma

      Oklahoma faces budget crisis despite economic boom

      NewsOK.com | by Sean Murphy | April 23, 2014

      The problem is that lawmakers over the last decade have created and expanded so many tax breaks and earmarked so much money for special projects that there's no longer enough for basic services.

    • Headlines

      Lawmakers Jockey Over Budget Surpluses

      Stateline | by Elaine S. Povich | April 22, 2014

      According to NASBO, Kentucky and many other states have put the emphasis on restoring funding to education this year. A still incomplete survey of states showed that the vast majority are increasing elementary and secondary education funding, along with transportation and infrastructure.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • HEADLINES

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      Only 11 states depended on the federal government for more than one-third of their total revenues in 2001. By 2012, 24 states found themselves in this situation. SBS partnered with the Washington Examiner partnered to expose this trend of increased state dependency.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Headlines : Oklahoma

      Oklahoma pension problems: $823 million annual debt, or $3.4 billion in savings after 30 years?

      Capitol Beat OK | by Patrick McGuigan | April 7, 2014

      Edging toward final approval at the state Capitol is a proposal that would shift the Sooner State's largest government pension plan (the Oklahoma Public Employees Retirement System, or OPERS) away from the billions it faces in unfunded liabilities for the "defined benefit" pensions most public employees now receive.

    • HEADLINES: Oklahoma

      Oklahoma pension problems: $823 million annual debt, or $3.4 billion in savings after 30 years?

      Capitol Beat OK | by Patrick McGuigan | April 7, 2014

      Edging toward final approval at the state Capitol is a proposal that would shift the Sooner State's largest government pension plan (the Oklahoma Public Employees Retirement System, or OPERS) away from the billions it faces in unfunded liabilities for the "defined benefit" pensions most public employees now receive.