{"id":4822,"date":"2012-02-22T10:34:44","date_gmt":"2012-02-22T16:34:44","guid":{"rendered":"http:\/\/stateimpact.npr.org\/oklahoma\/?p=4822"},"modified":"2012-02-22T11:35:28","modified_gmt":"2012-02-22T17:35:28","slug":"more-money-more-problems-for-many-state-agencies","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/oklahoma\/2012\/02\/22\/more-money-more-problems-for-many-state-agencies\/","title":{"rendered":"Mo’ Money, Mo’ Problems for Many State Agencies"},"content":{"rendered":"
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Oklahoma House of Representatives<\/p>\n

House Minority Leader Scott Inman, D-Del City, says it's "disingenuous" to say the $47 million in unexpected revenue justifies an income tax cut plan that will increase taxes for nearly one-third of the state.<\/p>\n<\/div>

Yesterday, state lawmakers learned they\u2019d have an additional $47 million for appropriations.<\/p>

The money should be spent, but not on the state itself, say Republican lawmakers who want to use the money to reduce Oklahoma\u2019s personal income tax.<\/p>\n

\u201cWhile it’s great news that the state has more revenue than expected, it should not be seen as an excuse to increase government bureaucracy or to go on a spending spree,\u201d said Gov. Mary Fallin, The Oklahoman<\/em> reports.<\/p><\/blockquote>

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Other state revenue estimates were off, and not in a good way<\/a>. Natural gas prices are low, and anticipated revenues from related gross production taxes have been cut by almost $87 million.<\/p>

And some tax breaks to the oil and gas industry have more than doubled, which will cost the state about $48 million.<\/p>\n

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