Rep. Murphey: The State’s debt and its role in the tax increase attempts

Rep. Murphey: The State’s debt and its role in the tax increase attempts

For much of Oklahoma’s history, the conservative fiscal values of Oklahomans were upheld because state officials were unable to issue general bonded indebtedness without first receiving approval through a vote of the people. This is because Oklahoma’s constitution requires a balanced budget and prevents debt issuance without a vote of the people.

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