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.
We’re inspired by what’s happened in Tulsa and Oklahoma more broadly. The idea of significantly ramping up universal pre-K is a way to give all our kids a chance and level the playing field.
-Brad Lander, a member of the New York City Council. New York is looking to Oklahoma as a model while the city considers implementing its own universal pre-K program (Source: http://bit.ly/1msTT50).
Morale among K-12 educators is at an all-time low. If your boss suddenly required a 25 percent increase in your workload, added performance assessments you have only some control over (a.k.a. TLE) that could result in your termination, and hadn’t given you a raise in seven years, would you start looking for another job or retire early? Large numbers of my colleagues, as many as 70 percent at one school site, have done so in the past couple of years.
-Ponca City teacher Marisa Dye (Source: http://bit.ly/1mqPAaf)
Annie McKay is Executive Director of the Kansas Center for Economic Growth (KCEG). This post previously appeared on the KCEG blog.
Ever since Kansas enacted substantial income tax cuts in 2012 and 2013, we have eagerly awaited the prosperity and Texas-sized job growth that we were promised would be spurred by these changes.
Unfortunately, our efforts to be like Texas aren’t paying off for most Kansans. In fact, after two years of tax cuts: