Budget Briefing: About 36 Percent of Oklahoma Households Are Income Tax ‘Non-Payers’

Mitt Romney Comments Raise Questions About Who Pays Income Taxes – “About 36 percent of Oklahoma households that filed 2010 federal tax returns owed no income taxes, ranking the state 17th in the nation in terms of “non-payers,” according to the IRS and the Washington-based Tax Foundation.” NewsOK.com

Decline in State Lottery Revenue Predicted – “By law, 35 percent of every dollar received for lottery ticket sales in the state must go to education. Lottery officials have said for years that the restriction means that less money can be put into prizes, which hurts sales. But lawmakers have been very reluctant to change the requirement.” Tulsa World

Federal Reserve Official Disagrees With Monetary Policy Decisions – “The head of the Federal Reserve region that includes Oklahoma thinks the Fed may be overreaching in its latest round of bond-buying aimed at boosting the economy and bringing down unemployment.” NewsOK.com

Local Leader Voices Vision 2 Opposition – “‘I believe that the Proposition 1 is premature at this point. I don’t believe that there is any great urgency for us to do something right now, and as a matter of fact I think it’s irresponsible for us to consider, when we know so little about how things are going to shake out after this bankruptcy process is finally resolved.’” Public Radio Tulsa