Stillwater Townie
Ranger
Possibly the best way to make up for $1.2 billion in lost revenue is to hike the state sales tax. Oklahoma, if I got it correct, took in a bit over $3 billion in state sales tax in 2023. That means the state sales tax would have to be raised by around 2%. Efforts from a vote around 10 years ago on a question to raise state sales tax by 1% to improve funding for education failed. It reflected the anti-education culture in Oklahoma.
If the property tax abatement measure gets on the ballot, legislators should be asked if they support a 2% sales tax hike or whatever the amount arrived at. If less than the required number of them to raise taxes, I'd probably vote no. If legislators won't raise state sales tax, then I guess they would have to tell counties and cities to determine how much they need to raise their own sales taxes and take a citizen vote on it, if required.
If it gets on the ballot, it will likely discourage business and industry from coming to Oklahoma until the tax situation gets settled. If homeowner property taxes are abolished, it could encourage more Texans to move to Oklahoma.
A Houston billboard asked me to leave Texas for Oklahoma. No thanks.
https://www.chron.com/culture/article/move-to-oklahoma-billboards-texas-21208046.php
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