Monday, February 6, 2012
OKLAHOMA CITY – Governor Mary Fallin today released her budget for Fiscal Year 2013 and outlined her legislative and policy agenda. Her agenda and budget were presented to a joint session of the Oklahoma Legislature during her State of the State address.
A full text of the governor’s speech can be read here.
A PDF of the governor’s budget is available here.
The following are key excerpts from the State of the State address:
On Oklahoma’s economy (click here for a one-page report)
“In 2011, the state of Oklahoma had a net increase of 41,600 jobs.
“Our job growth rate ranks 3rd among all states. …
“At 6.1 percent, our unemployment rate continues to be one of the lowest in the country. …
“All of these indicators demonstrate that Oklahoma’s economy continues to outperform the national economy. People all across the country are noticing: Oklahoma stands as a testament to the fact that low taxes, limited government, and fiscal discipline are a recipe for job creation.”
Education and workforce development (click here for a one-page report)
“We know that a majority of the jobs created in the next decade will require either a college education or a career certificate from one of our Career Technology centers and that college graduates earn $1 million more over their lifetime than high school graduates.
“That’s why we have set a goal to increase the number of college graduates from 30,500 degrees and certificates awarded annually to 50,900.”
Increasing government efficiency, eliminating waste and “right-sizing” government (click here for a one-page report)
“Under current law, state agencies are required to submit a strategic plan that includes goals and proposals for increased efficiency and improved services. Unfortunately, these plans have not, historically, been carefully scrutinized.
“My office and the Office of State Finance will begin evaluating each and every one of these plans and will use new software and technologies that measure performance and efficiency and align expenditures with outcomes. That analysis will help us to right-size government and ensure that each agency is operating as effectively as possible.”
The “Oklahoma Tax Reduction and Simplification Act” (click here for a one-page report)
“Today I’m asking our lawmakers to join me in an ambitious and exciting undertaking: the passage of a bold tax reform plan that will represent the most significant tax cut in state history.
“The Oklahoma Tax Reduction and Simplification Act will immediately cut income taxes for Oklahomans in all tax brackets, simplify the tax code, and chart a course towards the gradual elimination of the income tax.
“It will give Oklahoma the lowest income tax rate in the region besides Texas, making us a more competitive state for those looking to move jobs here.
“Over time, our income tax would be phased out for every Oklahoman.
“Our plan is a game-changer for Oklahoma. It’s a job-creator. And it provides broad based tax relief to the middle class without starving government or hurting the working poor. It also protects core government services.”
Energy Efficiency (click here for a one-page report)
“Oklahoma can and should lead the way in implementing energy efficiency measures that will save hundreds of