Thursday, July 13, 2017

Bad Bills Part 17: Robbing Our Own Bank

SB 842 Strips $60 million dollars from the Rainy Day Fund to pay for ad valorem reimbursement from all the tax credits that strip hundreds of millions of dollars from local property tax rolls each year.
Here is a bill that was chosen for scoring the RINO Index,
& why this bill is bad for the average Oklahoman.

This is the tax credits coming home to roost. We have to dip into our state emergency savings account just to pay for the tax credits given to special interests in exchange for campaign contributions. And once again it is a one time source of money, when it is gone it is gone until we begin bringing in a tax surplus again.