Fiscal Stability & Governance

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Why it Matters

OK2030 will bring together Oklahoma’s political, business and community leaders to tackle the tough and often-overlooked issues related to government and fiscal stability. Good fiscal stewardship is crucial for an effective and stable civic infrastructure. A well-functioning governance system is essential to a fair and efficient regulatory environment. Finding solutions to these challenges is essential to building a stronger, more stable future for our state.  

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Methodology

Voter Participation (50 points)

States’ best assets are their people, and states are stronger when voters are engaged and informed. We gauge the strength of states by looking at each state’s voter turnout in the 2016 general election.

Government Employment (50 points)

We look at each state’s percentage of state government employment out of total employment.

Fiscal Stability (100 points)

Good fiscal stewardship is crucial for an effective and stable civic infrastructure. Therefore, we grade each state on their operating ratio and pension plan funded ratio.

Voter Turnout as a Percentage of Voting Eligible Population
53.2%
US Rate
60.2%
OK Rank
45th
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Source

U.S. Elections Project (2016)

Explanation

Voter turnout as a percentage of voting eligible population in the 2016 general election

State Government Employment as a Percentage of Total Employment
5.16%
US Rate
3.71
OK Rank
35th
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Source

U.S. Bureau of Labor Statistics (2016)

Explanation

The number of state government employees as a percentage of total non-agricultural employment.

State Operating Ratio
1.07
US Rate
N/A
OK Rank
9th
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Source

Mercatus Center, Ranking the States by Fiscal Condition (2017)

Explanation

Total revenue divided by total expenses. The state operating ratio measures whether a state can cover its fiscal year spending using current revenues.

Pension Plan Funded Ratio
79.2%
US Rate
71.6%
OK Rank
19th
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Source

The Pew Charitable Trusts (2015)

Explanation

Assets (on an actuarial basis) divided by the actuarial accrued liabilities. The funded ratio gives context to a pension system’s fiscal health by expressing how much of the system’s liabilities are currently covered by assets.