As legislative subcommittees put the final touches on the 2007 state budget, Sen. Debbe Leftwich wants to ensure retirees get a much needed cost-of-living increase. Leftwich is calling on fellow lawmakers to make sure retired state employees, teachers, police, firefighters and state law enforcement officers such as highway patrol troopers all get a cost-of-living increase.
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The Oklahoma State Senate Wednesday approved a $6.6 billion general appropriations bill that included historic investments in public schools and state colleges and universities.

Senate Bill 80XX passed on a 31-15 vote.

The measure, which includes a $3,000 across-the-board pay raise for public school teachers and a $130 million funding increase for higher education, is part of a budget and tax cut agreement reached between Senate and House leaders last week.
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State Sen. Kathleen Wilcoxson called a recently released report on high school graduation rates alarming. She said she is disappointed that State Superintendent Sandy Garrett has failed to explain to the public how high the drop-out rates in Oklahoma actually are and how this impacts the entire state.

The newly released report by the Editorial Projects in Education Research Center showed that Oklahoma does slightly better, with 71 percent of students graduating in 2002-2003, compared to a national rate of 69.6 percent.
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A state senator said he was very surprised when he first heard Senate Democrat leaders taking credit for an increase in the state’s standard deduction, because for years Senate Democrats have blocked Republican efforts to raise the standard deduction for Oklahoma taxpayers.

“Senate Democrats killed my bill to increase the standard deduction during the 2006 regular legislative session, so I was surprised to hear them take credit for this issue in the historic tax cut agreement,” stated Sen. Clark Jolley, R-Edmond.
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The Oklahoma Senate on Friday approved historic legislation to completely eliminate the state’s estate tax over a three-year period. House Bill 1172 was amended to contain language originally authored by Senators Mike Mazzei and Glenn Coffee in Senate Bill 334. In addition to eliminating the tax over a three-year period, the amendment provides immediate estate tax relief to non-lineal heirs such as nephews and nieces, treating them the same as lineal heirs such as children and grandchildren.

Mazzei said the approval of the legislation is a victory for Oklahoma taxpayers.

On Friday, State Senate Democrats killed a Republican amendment to speed up the elimination of the death tax.

“This vote is a clear indication of where senators stand on eliminating the death tax,” stated Senate Republican Leader Glenn Coffee, the amendment’s author. “Senate Republicans want to provide family farms and small businesses with relief from the death tax more quickly, while Senate Democrats want to make them wait until the year 2010 for this unfair tax to be eliminated.”

State Senators gave final approval Friday to the largest tax cut in state history, a measure that will lower taxes for state residents by more than $600 million when fully implemented.

Over the next four years, House Bill 1172 XX will lower the top income tax rate and phase in an increase of the Oklahoma Standard Deduction to the federal level – a provision that will mean 45,000 working Oklahoma families will never again have to pay state income tax. The tax package also includes an elimination of the estate tax over the next three years.
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Statement by Senate President Pro Tempore Mike Morgan

“Governor Henry’s signature of the budget and tax cut bills approved by the Legislature during last week’s special session is a victory for all Oklahomans. read more.

Statement by Senate President Pro Tempore Mike Morgan

“Under the direction of Chancellor Paul Risser, Oklahoma’s higher education system has been on the move.

“Chancellor Risser led the effort to create Governor Henry’s EDGE (Economic Development Generating Excellence) project, focusing Oklahoma’s economic development future on research and the high-tech industry.

“His vision to strengthen Oklahoma’s research capacities will make our state a key player in today’s growing global economy.

State Sen. Cal Hobson said he was pleased the Council for Bond Oversight had approved a request by the Oklahoma Turnpike Authority to refinance about half of its $1.2 billion debt. Hobson authored legislation during the 2006 session to authorize such a move. Hobson said the Council could not have taken that action without the passage of HB 2474.