State Treasurer Urges Adoption of “Pay-as-we-go” Approach

According to the Oklahoma Policy Institute, State Treasurer Ken Miller recently said Oklahoma should adopt the “pay-as-we-go” approach to help ensure future fiscal soundness for our state. The pay-as-you-go approach, also known as PAYGO, would require Oklahoma’s lawmakers “to pay for the cost of any reduction in revenues or expansion of services.” As the Legislature continues to discuss a plan for reducing the state’s income tax, many important figures have come forward to encourage lawmakers to pass measures that promise to be revenue neutral. You can read OKPolicy’s posting here. (Note: The link redirects you to the article on OKPolicy’s website.)