Alva Review-Courier -

Oklahoma struggles to pay for schools after slashing taxes

 

April 28, 2017



OKLAHOMA CITY (AP) — Four years ago, Oklahoma's oil patch was booming, unemployment was falling and state lawmakers were debating what to do with $200 million in surplus revenue.

Republicans who control state government successfully pushed to reduce the state's top income tax rate, slash the oil and gas production tax rate from 7 percent to 2 percent and give more tax incentives to industry.

But the boom ended and the money dried up. Now the once-unwavering confidence in the wisdom of lower taxes has given way to a growing panic over how to pay for basic services such as schools, health c...



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