Opinion: Oklahoma will collect more than $8 billion in taxes in 2015. Since 2009, our state’s revenue has increased by almost 2 percent per year. With that sum of money, and five years of consistent growth, it is hard to believe our state has a $611 million shortfall this year.
However, the budget committee’s failure to consider obvious trends and instead grossly overestimate the state’s income guaranteed financial problems. In fact, it rejected the warnings of budget committee members trained in finance who predicted a shortfall.