Budget & Tax, Economy

State unemployment fund drained by pandemic

An unprecedented surge in unemployment claims caused by this year’s COVID-19 shutdown, combined with major fraud, has drained Oklahoma’s unemployment insurance trust fund and requires an increase in associated taxes on employers.

Ray Carter
October 21, 2020
Economy

Stitt: More state bailouts may create perverse incentives

Gov. Kevin Stitt remains opposed to additional federal bailouts of state governments, saying states have not yet spent all the bailout money already provided by Congress and warning additional bailouts could incentivize economically destructive policies in other states.

Ray Carter
September 17, 2020
Economy, Family & Community

Review of state’s pandemic response includes warnings

To better prepare for future pandemics, state lawmakers conducted a review this week of state and local government responses to COVID-19. Among the takeaways: Many challenges early in the pandemic were the result of the government itself.

Ray Carter
September 16, 2020
Budget & Tax, Economy

Oklahoma lawmakers oppose federal bailout of states

Twenty-three Oklahoma state legislators have joined colleagues from across the country to oppose additional federal bailouts for state governments.

Ray Carter
September 14, 2020
Economy

Oklahoma ranks high in economic report, but with caveats

Oklahoma ranks in the top 10 states in “economic outlook,” according to the 2020 “Rich States, Poor States” report issued by the American Legislative Exchange Council (ALEC). But there’s reason to think that may not last.

Ray Carter
August 13, 2020
Economy

Unemployment fraud still rampant in Oklahoma?

During the spring COVID-19 shutdown, Oklahoma officials were swamped with fraudulent unemployment claims.

Ray Carter
July 30, 2020