Oklahoma Policy Group Highlights Fiscal 2021 Budget
SUMMARY BY TAX ANALYSTS
The Oklahoma Policy Institute released a review of the fiscal 2021 budget, highlighting a 3.5 percent decrease in appropriations compared to the initial fiscal 2020 budget; the state's reliance on savings, borrowing from other programs, and one-time funds to recoup COVID-19 revenue losses; agency budget cuts; and the need for a "fair and efficient" tax structure that promotes economic growth.