Lawmakers agree on Oklahoma budget, could see income tax cut

New state budget boosts funding for public schools, teacher incentives

Senate President Pro Tem Lonnie Paxton, R-Tuttle, and House Speaker Kyle Hilbert, R-Bristow, shake hands during an announcement of a 2026 budget deal on Wednesday at the state Capitol. (Photo by Emma Murphy/Oklahoma Voice)OKLAHOMA CITY — A budget deal state leaders struck on Wednesday will boost funding for Oklahoma public schools and raise the ceiling on teacher pay in the 2026 fiscal year. After giving a similar increase last year, Gov. Kevin …

State budget agreement includes income tax cut, $250M for vet school

OKLAHOMA CITY – Gov. Kevin Stitt and legislative leaders on Wednesday announced an agreement on a $12.6 billion state budget for the upcoming fiscal year that contains a tax cut, increased education spending and money to purchase a prison.

Oklahoma lawmakers say residents will pay less taxes after budget agreement

Oklahoma lawmakers say residents will pay less in taxes after a budget deal has been reached.

Lawmakers agree on Oklahoma budget, could see income tax cut

OKLAHOMA CITY (KFOR) — Lawmakers quickly met Wednesday afternoon to announce they agreed on the upcoming budget. The big ticket item was the income tax cut proposal. Lawmakers announced that there will be an elimination of the bottom three brackets, and the rest see a .25% cut. "We still have three-and-a-half billion dollars in savings," said House Speaker Kyle Hilbert (R-Bristow). Below is a grid from the Tax Commission that displays the tax br…

Oklahoma legislature and Gov. Stitt announce comprehensive budget agreement

A new budget agreement focused on reducing taxes, investing in infrastructure and strengthening Oklahoma’s business-friendly climate was announced by Governor Kevin Stitt, Senate President Pro Tempore Lonnie Paxton and House Speaker Kyle Hilbert.

Hamilton: Oklahoma’s leaders chase another bad tax dream

Despite a sputtering economy, slowing tax revenues and unprecedented uncertainty about federal funding, Oklahoma’s legislative leaders are hellbent on cutting the state income tax. The post Hamilton: Oklahoma’s leaders chase another bad tax dream first appeared on The Journal Record.