Oklahoma Sales Tax Increase Proposed
- Sales Tax News
- Oct 12, 2015 | Gail Cole
Increasing Oklahoma sales tax by 1% would generate enough funds for all Oklahoma teachers to receive a $5,000 raise. It would provide extra revenue for early education, higher education, and career tech.
No one denies that the extra money would be welcome. Oklahoma teacher salaries are lower than those in surrounding states. The state is facing a “serious shortage of teachers” and has no money in the current budget to do anything about it.
But when it comes down a sales tax increase, would voters approve it? Local sales tax rates in Oklahoma are high — as much as 11% in some parts of the state. According to the Tax Foundation, it has the 6th highest state and local sales tax rate in the country. Will people be willing to pay more, for teachers?
Mr. Boren strongly believes they should. He and other proponents of the tax increase are working to collect enough voter signatures to place the measure on the November 2016 ballot. It won’t be easy: They would need to collect 65,987 signatures in 90 days to succeed.
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