Undervalued Properties Deprive Schools of Millions in Funds

Below-market property valuations and constitutional caps on tax increases are depriving Oklahoma schools, counties and cities of tens of millions of dollars in annual revenue, according to a recent data study.

Unused Tax Credits Are ‘Wild Card’ in State Budget

Unused tax credits have created a big cloud over future state revenue collections, and officials say they can’t predict with certainty when or even if a storm might strike.

State Gives Income Tax Breaks to Companies That Pay No Tax

Some state lawmakers are justifying their decision to curtail a tax credit for the working poor by declaring the state shouldn’t subsidize people who owe no income taxes. But several state tax breaks essentially do the same thing for businesses.

Budget Crisis Clips Credit For Working Poor

Oklahoma lawmakers have voted to pare back the state’s earned income tax credit. The incentive provides an annual income boost to about 200,000 low-income households with working parents.