Everything 'on the table' as lawmakers tackle $868M budget hole, Republican Senate leader says
Everything, including new revenue sources, will have to be on the table as lawmakers grapple with an $868 million budget hole, Senate President Pro Tem Mike Schulz said Thursday.
There is no one thing, no silver bullet that will solve the problem, Schulz said during a morning news conference at the Tulsa Press Club. Certainly, discussions are going on about revenue-raising measures.
Among those measures are a broadening of the state sales tax to services not currently taxed, accelerated elimination of a renewable energy tax credit and an increase in the state tobacco tax.
One thing we need to be careful about
is that you can wreck an economy if you act too fast, said Schulz, R-Altus.
Read more: http://www.tulsaworld.com/news/capitol_report/everything-on-the-table-as-lawmakers-tackle-million-budget-hole/article_33428586-9af0-58a4-8c9f-65cb6068f854.html