| February 19, 2011
$100 million represents a wonderful opportunity
Thanks to the hard work and income generation of productive Oklahoma citizens, the Oklahoma Tax Commission reports that the state will have about $106.4 million more to spend than was estimated in December. OCPA recommends that lawmakers use this revenue in one of the following ways:
Reduce the income tax -- $100 million.
Don’t pass a hospital provider tax – approximately $100 million. OCPA believes any effort to remain deeply entrenched in Medicaid is a losing scenario, but thanks to this newfound money you don’t need to tax again the very consumers who have already provided you with the funds you say you need.
Don’t divert money from the Transportation Fund (see page A-3) and saddle taxpayers with $100 million in bonds -- $100 million.