“Alligators” lurk in and around the swamp of the Oklahoma State Capitol. It’s that time of year when the special interest predators descend on state government to gobble up as much money and special benefits as possible without regard to performance, accountability, or financial sense.
I recently got close to several alligators in the Everglades National Park. In fact, check out the photo to see the harrowing moment an alligator stalked me from behind. I certainly felt like “alligators” were stalking me during my many years at the Capitol as well.
Rep. Tom Gann, R-Inola, has filed House Bill 1379, which would require a vote by citizens to “redirect” property tax through Tax Incremental Financing (TIF) Districts. Gann issued a press release on topic today.
Gann explained that in Mayes County, Mid-America Industrial Park (MAIP) officers proposed “redirecting” county property tax through the implementation of a TIF district to benefit new corporations coming into the industrial park.
By Christine Kuglin, Director, Truth in Accounting
For decades, the goal of increased government financial transparency has been widely shared across political parties and stakeholder groups. The Financial Data Transparency Act (S.4295), proposed by Sen. Mark Warner, D-Virginia, and Mike Crapo, R-Idaho, takes a major step toward openness and accessibility by directing seven financial regulators, including the Municipal Securities Rulemaking Board, to develop “machine-readable” data standards that accurately reflect the existing reporting standards. So, it is surprising that this transparency measure has attracted stiff opposition when it has proven so successful in corporate reporting. A webinar is upcoming on topic.