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Oklahoma Policy Group Highlights Fiscal 2021 Budget

Dated June 8, 2020

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.

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