Category Archive for: economics

Tulsa World: SQ 800 in Plain English

The Legislature proposes amending the state constitution to create the Oklahoma Vision Fund, which would receive an escalating portion of state gross production taxes beginning with 5 percent in 2020. Additional money could be appropriated to the fund. The fund would essentially be an endowment managed by the state treasurer. It would be exempt from…Read More

Oklahoma begins new era of alcohol availability

[As of Monday], grocery stores and convenience stores across the state are selling their first bottles of wine and cases of strong beer. Liquor stores are turning on coolers to refrigerate products previously sold at room temperature. Mergers and acquisitions between distributors within the state become official — the landscape has changed. All of these…Read More

Fallin Approves Controversial Rules on Medical Marijuana

Gov. Mary Fallin has signed emergency rules regulating Oklahoma’s medical marijuana industry a day after they were introduced by the State Board of Health. Although the industry said more regulations were needed to ensure the new law could be effectively implemented, her decision Wednesday set off a firestorm of commentary about controversial provisions that were…Read More

Oklahoma’s payday loan usage rate is highest in nation

Elise Robillard was desperate for a quick cash infusion the first time she walked into a payday lending store. A long-term substitute teacher and mother of two young children, Robillard’s tires were bald, and she couldn’t afford to replace them. So she turned to small, short-term payday advances thinking they would keep her afloat. The…Read More

Budget Negotiations: Oil groups support Step Up Oklahoma

Leaders of two Oklahoma oil and gas associations on Tuesday announced their support for a slate of reform and revenue measures advocated by a coalition of Oklahoma civic and business leaders called Step Up Oklahoma. Tuesday’s endorsements came from the board of directors of the Oklahoma Oil & Gas Association and the executive committee of…Read More

Governor Fallin Announces Second Special Session

Governor Mary Fallin is calling a second special session December 18. She made the announcement Thursday evening, just one day after she told us she would wait until after December 20 to make her decision. Lawmakers say the decision will likely interfere with their holiday plans. They’re wondering, why not wait till after the new…Read More

US tax reform bill could repeal Johnson Amendment

The Johnson Amendment, a 1954 provision which prohibits churches and nonprofit groups from making public endorsements of political candidates, could be repealed through the tax reform bill currently in the US Senate. The repeal was packaged into the bill which passed the House a few weeks ago, but has yet to be approved by the…Read More