Clark Jolley is reporting on a few revenue adjustments which have passed through the Appropriations and Budget Committee.
Members of House and Senate appropriations committees adopted a series of joint budget bills that would increase revenue, including:
- an attempt to capture about $125 million from a cash-flow reserve fund, and
- trim tax credits, including limiting a credit for clean-burning motor fuel equipment.
- stepped-up enforcement of tax collections through more auditing and technology services.
- a proposed cigarette tax that would generate an additional $180 million a year,
- a price-indexed gasoline tax,
- a tax on alcohol, and
- a broad expansion of the state sales tax to some services that would help fund seniority-based teacher pay raises.
“We’re looking at a number of different revenue options,” said Hickman, R-Fairview. “We’ll see where this all ends up.”
The 2016 Oklahoma Legislature is constitutionally required to adjourn by May 27.
“We’re trying to cure a $1.3 billion shortfall,” Sen. Clark Jolley, R-Edmond, told members of the Senate Joint Committee on Appropriations and Budget.
“We’re trying to get through this crisis, this energy crisis,” Rep. David Brumbaugh, R-Broken Arrow, chairman of the House’s majority Republican caucus, told the House Joint Appropriations and Budget Committee.
Jolley, chairman of the Senate Appropriations Committee, said; “the legislation would help lawmakers fund government responsibly instead of relying on bonded indebtedness and one-time revenue sources.”
The chairman of the Senate Finance Committee, Sen. Mike Mazzei, R-Tulsa, said; “the bills would address ways to create recurring, stable revenue for public education, health care and public safety in the fiscal year that begins July 1.”
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