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OICA: Many Moving Parts Still Remain with FY26 State Budget
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OICA: Many Moving Parts Still Remain with FY26 State Budget
By Oklahoma Institute for Child Advocacy CEO Joe Dorman Gov. Kevin Stitt and legislative leaders have announced an agreement for the key elements to the Fiscal Year 2026 state budget. The plan for the estimated $12.6 billion budget includes an income tax cut of a quarter percent and consolidation of the lowest income tax brackets. Based on modeling from the Institute for Taxation and Economic Policy, a 0.25% cut to Oklahoma’s personal income tax
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