Good fiscal stewardship is crucial for a stable and effective state. A functional governance system is also essential to a fair and efficient regulatory environment. Finding solutions to our state’s government and budget challenges is imperative to building a stronger, more stable future for Oklahoma.
Revenue from Oklahoma state taxes is extremely volatile. In fact, Oklahoma’s year-to-year change in total state tax revenues is the third highest in the nation. Nearly all other states that are heavily dependent on oil and natural gas tax revenue have created budget stabilization funds to boost state budget priorities as well as insulate them from the cyclical and volatile nature of the energy economy.
Recently, the Mercatus Center at George Mason University released their 2018 “Ranking the States by Fiscal Condition” study. View an interactive visualization to see how Oklahoma's overall ranking and fiscal solvency category rankings have compared to the rest of the nation since 2016.