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INTERIM STUDY REPORT
Appropriations and Budget Committee
Representative Earl Sears, Chairman
Oklahoma House of Representatives
Interim Study, 11-066, Representative Elise Hall
September 22, 2011
Amount the state can appropriate based on the State Board of Equalization’s estimates.
Representative Elise Hall
elise.hall@okhouse.gov
• The purpose of the study is to make sure the private sector of the state economy is growing at a
faster rate than the public sector
• Rep. Hall pointed out the current spending limitations found in Article X of the Oklahoma
Constitution which limits appropriations growth from all sources to no more than twelve
percent (12.0%) more than the actual appropriations from the prior year, adjusted for inflation.
• Rep. Hall intends to introduce legislation offering a state question that would reduce the twelve
percent (12.0%) to seven percent (7.0%).
• Introduced Mr. Jonathan Williams, Director, Tax and Fiscal Policy Task Force, American
Legislative Exchange Council (ALEC), to provide comments on national actions and trends in
establishing spending limitations
Jonathan Williams, Director, Tax and Fiscal Policy Task Force
American Legislative Exchange Council (ALEC)
Washington, D.C.
jwilliams@alec.org
• Recent years have been fiscally traumatic for the states
• The rate of growth in state and local government spending has outpaced private sector growth
by ninety percent (90.0%) in the recent past
• Adopting a priority-based budget will assist in adjusting to any spending limits. Prioritization
allows lawmakers to identify areas of emphasis and to reduce or eliminate spending on low
priority areas of government
• Reducing taxes provides incentive and a mechanism to limit spending
Distributed materials:
Rich States, Poor States, Dr. Arthur B. Laffer, Stephen Moore, Jonathan Williams, American
Legislative Exchange Council, Washington D.C., 2011. ALEC | Rich States, Poor States
State Budget Reform Toolkit, Leonard Gilroy, Jonathan Williams, American Legislative Exchange
Council, Washington, D. C., 2011. ALEC | State Budget Reform Toolkit
Object Description
Description
| Title | 11-066 Report ocr 1 |
| Full text | INTERIM STUDY REPORT Appropriations and Budget Committee Representative Earl Sears, Chairman Oklahoma House of Representatives Interim Study, 11-066, Representative Elise Hall September 22, 2011 Amount the state can appropriate based on the State Board of Equalization’s estimates. Representative Elise Hall elise.hall@okhouse.gov • The purpose of the study is to make sure the private sector of the state economy is growing at a faster rate than the public sector • Rep. Hall pointed out the current spending limitations found in Article X of the Oklahoma Constitution which limits appropriations growth from all sources to no more than twelve percent (12.0%) more than the actual appropriations from the prior year, adjusted for inflation. • Rep. Hall intends to introduce legislation offering a state question that would reduce the twelve percent (12.0%) to seven percent (7.0%). • Introduced Mr. Jonathan Williams, Director, Tax and Fiscal Policy Task Force, American Legislative Exchange Council (ALEC), to provide comments on national actions and trends in establishing spending limitations Jonathan Williams, Director, Tax and Fiscal Policy Task Force American Legislative Exchange Council (ALEC) Washington, D.C. jwilliams@alec.org • Recent years have been fiscally traumatic for the states • The rate of growth in state and local government spending has outpaced private sector growth by ninety percent (90.0%) in the recent past • Adopting a priority-based budget will assist in adjusting to any spending limits. Prioritization allows lawmakers to identify areas of emphasis and to reduce or eliminate spending on low priority areas of government • Reducing taxes provides incentive and a mechanism to limit spending Distributed materials: Rich States, Poor States, Dr. Arthur B. Laffer, Stephen Moore, Jonathan Williams, American Legislative Exchange Council, Washington D.C., 2011. ALEC | Rich States, Poor States State Budget Reform Toolkit, Leonard Gilroy, Jonathan Williams, American Legislative Exchange Council, Washington, D. C., 2011. ALEC | State Budget Reform Toolkit |
| Date created | 2012-03-15 |
| Date modified | 2012-03-15 |
