It’s official, the state is headed toward budget failure. The $900 million dollar shortfall is blamed mostly on dropping oil prices, but the head of an Oklahoma think tank says bad policy has contributed to the crisis.
Oklahoma Policy Institute Director David Blatt says ‘we can’t make it through by doubling down on deep cuts and one-time fixes. The responsible path is to put new revenue on the table and reassess tax cuts and tax breaks granted by the legislature.’