"Oklahoma's Billion-Dollar Tobacco Settlement Endowment Trust" by Byron Schlomach briefly describes the fund, sources of funding, its uses, and whether it can be put to alternative uses.
In state comparisons, how does Oklahoma stack up compared to other states in how much it taxes and spends? When one takes affordability into account by comparing taxes and spending to state GDP, and by considering the cost of living, Oklahoma taxes and spends more than most believe.
State budget writing practices tend to be haphazard and arbitrary in how programs are created, retained, and prioritized. The 1889 Institute seeks to make Oklahoma's budget more transparent and understandable as well as help lawmakers determine priorities.
"Oklahoma is a Medium, Not Low, Tax & Spending State" by Byron Schlomach demonstrates that when state and local taxes and spending in Oklahoma are compared to the same in other states as a percentage of GDP, Oklahoma ranks surprisingly high in tax and spending metrics.
Oklahoma's Tobacco Settlement Endowment Trust is a constitutionally-established fund into which 75 percent of the state's tobacco settlement payments are deposited. Investment proceeds are partly used to fund tobacco use cessation efforts.
"Rising Above Mere Politics: General Principles for Spending Taxpayers' Money" by Byron Schlomach argues that state budget writers should ask five basic questions: Is a program or agency consistent with the mission of Oklahoma’s state government? Are the benefits from a program or agency unambiguous and universal? Do the benefits of a program or agency indisputably outweigh the costs? Is the program or agency fulfilling a need only government can effectively fill? Does the existing program or agency show evidence of past success? In addition, they must recognize that pursuing federal funding can often be counterproductive and that, too often, spending reflects the victory of political symbolism over the substance of actual accomplishment.