The Oklahoman OpinionWITH Oklahoma's economy roaring out of the recession that started in 2014 and with record tax collections rolling in, lawmakers would do well to focus on putting more aside in the state's “rainy day” fund for the next downturn.
As things stand, Oklahoma government is ill-prepared for the future, and tax collections will undoubtedly fall again at some point.
In a recent report, The Wall Street Journal noted, “Measured as a share of spending, 21 states had smaller rainy day funds in 2017 than they did in 2008, according to data from the National Association of State Budget Officers compiled by the Tax Policy Center.”
Oklahoma was singled out as among the worst states.Read more on NewsOK.com
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The time is now for rainy day saving in Oklahoma