1889 Institute: OK taxes and fees are higher than Massachusetts as percentage of GDP

OKLAHOMA’S GOVERNMENT COULD BE SMALLER Oklahoma’s taxes and fees are higher than Massachusetts’ as a percentage of GDP. OKLAHOMA CITY, OK (July 7, 2021) – The 1889 Institute has updated “Oklahoma Government Revenues and Spending in Perspective,” a Fact Sheet that compares Oklahoma to the other states in total taxes and fees collected by state and local government as a percentage of the state’s GDP. Oklahoma ranks 13th among the states in how low its governments’ revenues are compared to other states. The Fact Sheet also looks at state and local government spending in six categories: higher education, public education, public welfare, hospitals, highways, and corrections. Oklahoma spends more of its GDP on higher education than 32 other states, but spends more by this measure than only 9 states on public education. “In looking at the spending rankings, it’s clear that Oklahoma could spend more efficiently in some areas,” said Jason Lawter, the study’s author and Fiscal Policy Fellow at the 1889 Institute. “This does require discernment, though, given that the state’s road needs may well justify Oklahoma outspending 33 other states in that area,” he said. Read more » by Jamison Faught - July 15, 2021 at 07:50AM

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