Lower natural gas prices led to a reduction of about 5,400 jobs at the end of the third quarter compared to the same time period a year ago. In addition, government spending cuts combined with the October government shutdown hit Oklahoma’s military bases and their communities especially hard. According to government data, the 16-day shutdown […]
reduction
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Million-dollar members
This year, each of the city’s eight council members will receive a $1 million allocation to spend on projects that were not previously funded. The discretionary spending program comes from the city’s reserve fund, typically 8-15 percent of the total municipal budget. In six of the last 11 years, excess money from the reserve fund […]
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Time for middle-out economics
Yet the 2006 tax cut also increased the standard deduction. This eliminated income taxes for some 45,000 moderateincome families and lowered taxes for Oklahomans at all income levels. At the time, lawmakers wanted to make sure tax reduction was both bottom-up and top-down. By contrast, the current governor and Legislature have pushed tax cuts that […]