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Oklahoma ranks in the top five in report on economic competitiveness

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Oklahoma ranks in the top five in report on economic competitiveness


(The Heart Sq.) – Oklahoma ranks fourth within the nation for its financial competitiveness, in keeping with a brand new report.

The Wealthy States, Poor States evaluation is from the American Legislative Trade Council, a nonpartisan group of state legislators. The report evaluates financial outlook and financial efficiency of every state primarily based on 15 financial coverage variables.

Oklahoma ranked twenty ninth for its financial efficiency. The rating was decided by the state’s gross home product, absolute home migration, and non-farm payroll employment.

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The report confirmed over 39,000 individuals have moved to Oklahoma between 2011 and 2020. Economist Jonathan Williams, one of many authors of the report, stated it highlighted that People vote with their ft by transferring to states with decrease tax burdens.

Oklahoma’s high marginal private earnings tax fee was 4.7% and its high marginal company earnings tax fee was 4%, the report stated. Private earnings tax progressivity, which represented the change in tax legal responsibility per $,1,000 of earnings, was $7.17, nineteenth total. The property tax burden in Oklahoma was $17.41 per $1,000 of non-public earnings, and the gross sales tax burden was $28.99 per $1,000 of non-public earnings, in keeping with the evaluate. The remaining tax burden was $15.74 per $1,000 of non-public earnings.

Oklahoma doesn’t levy an property or inheritance tax and is a proper to work state.

The evaluate discovered just lately legislated tax adjustments introduced a lower of $0.69 per $1,000 of non-public earnings. Debt service as a share of tax income, which calculates curiosity paid on state and native debt as a proportion of state and native tax income, was 4.8%, rating fifteenth.

The state has about 526 public staff per 10,000 residents. The legal responsibility system survey, which measures tort litigation remedy and judicial impartiality, ranked the state at No. 14. Oklahoma’s minimal wage is on the federal flooring of $7.25. Common staff’ compensation prices per $100 of payroll was $1.66, thirty eighth total. The variety of tax expenditure limits, which measures the affect of tax and expenditure limits on state tax income and spending, ranked fifteenth, the report stated.

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The authors stated the evaluate demonstrated states that embrace free-market beliefs are rewarded by an inflow of residents who’re drawn to their insurance policies.

“In the event you imagine incentives matter, and I do, state insurance policies have the impact of fixing these incentives at each the state and native ranges,” stated Dr. Arthur Laffer, one of many report’s authors. “These adjustments in incentives have penalties. This rating of states is a tried-and-true components. I believe it’s a good way of selecting winners and giving steerage on how states needs to be successfully ruled.”

Different states that ranked on the high had been Utah, North Carolina, Arizona, and Idaho. The underside 5 in Nos. 46-50 positions, respectively, for financial competitiveness had been Minnesota, Vermont, California, New Jersey and New York. 





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Oklahoma

Oklahoma Supreme Court rules against Catholic charter school proposal

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Oklahoma Supreme Court rules against Catholic charter school proposal


St. Isidore, which aims to serve 1,500 students online within Oklahoma by its fifth year of operation, has the backing of Republican Gov. Kevin Stitt as well as former state schools superintendent Ryan Walters. Proponents of the plan say the online school would be a boon for rural Oklahoma students who do not have a Catholic school in their area. 

The Oklahoma Statewide Virtual Charter School Board had in April 2023 voted unanimously to disapprove the school’s application, later in June approving the contract 3-2 after revisions to the application.  

Brett Farley, executive director of the Oklahoma Catholic Conference and a board member for the proposed school, told CNA following the first disapproval that the plan’s backers were “not discouraged at all.” He said at the time he believed Oklahoma’s government presents a “favorable environment to negotiate protections for religious liberty” to ensure that the school’s Catholic identity is not threatened by the acceptance of public funds. 

The Archdiocese of Oklahoma City had pushed for approval of the school after former Oklahoma Attorney General John O’Connor issued an advisory opinion in late 2022 stating that because of the Supreme Court’s recent rulings, Oklahoma’s provisions banning religious schools from accessing public funds as charters could be unconstitutional. He cautioned that this legal change would not mean that religious schools using public funds “can necessarily operate however they want.” Drummond withdrew his predecessor’s opinion on the matter.

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In a dissent to the Oklahoma Supreme Court’s majority opinion, Justice Dana Kuehn argued that St. Isidore’s would be a partner of the state, not a government entity, and thus the state denying funds to St. Isidore’s because it is religious would violate the free exercise clause of the First Amendment.

“St. Isidore would not be replacing any secular school, only adding to the options available, which is the heart of the Charter Schools Act,” she wrote. 

“The state is not required to partner with private entities to provide common education. But if it does, it cannot close the door to an otherwise qualified entity simply because it is sectarian … Contracting with a private entity that has religious affiliations, by itself, does not establish a state religion, nor does it favor one religion over another.”





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Alabama man accused of killings in 2 states enters not guilty pleas to Oklahoma murder charges

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Alabama man accused of killings in 2 states enters not guilty pleas to Oklahoma murder charges


SALLISAW, Okla. (AP) — An Alabama man accused in a string of killings in Oklahoma and Alabama has pleaded not guilty to two Oklahoma killings.

The pleas were entered on behalf of Stacy Lee Drake, 50, during a Monday court appearance, KHBS-TV reported. He faces two charges of enhanced murder.

Drake has has until Aug. 7 in the Oklahoma case to find a lawyer to represent him, or a public defender will be appointed for him, KHBS reported.

Relatives and friends of the victims packed the courtroom where Drake appeared.

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Drake was apprehended Thursday in a wooded area in the Morrilton, Arkansas, area after a search that spanned multiple southern states, Arkansas State Police said.

Drake is accused of homicides and carjackings in Oklahoma, Arkansas State Police said. They said he’s also wanted on other felony warrants from multiple jurisdictions on charges including aggravated robbery, carjacking and murder.

A man and a woman were found dead inside a business near Gans, Oklahoma, near the Arkansas state line, the Oklahoma State Bureau of Investigation said. Both had injuries consistent with homicide, and the agency said Drake is a person of interest.

In Alabama, Drake is accused of killing Russell Andrews on May 14, according to the Tuscaloosa County Sheriff’s Office. Capt. Jack Kennedy of the Tuscaloosa Violent Crimes Unit said there is a warrant for Drake on a murder charge. News outlets reported that Andrews, 62, was found dead inside the Alcoholic Anonymous building.

Tuscaloosa authorities said Andrews’ vehicle was stolen when he was killed and hours later was picked up by cameras travelling along an interstate near the Arkansas-Oklahoma border.

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Alex Caruso traded to Oklahoma City, but says Chicago and the Bulls won’t be forgotten

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Alex Caruso traded to Oklahoma City, but says Chicago and the Bulls won’t be forgotten



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OKLAHOMA CITY (CBS) Alex Caruso has returned to where his pro career began, in Oklahoma City, after being traded by the Bulls to the Thunder for Josh Giddey last week.

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Caruso was waived by the Thunder in 2016, and played for the NBA’s G-League’s Oklahoma City Blue. Now, he will join a young Thunder squad after a straight-up exchange between the Thunder and the Bulls.

But the defensive specialist’s time in Chicago won’t be forgotten.

“I loved playing my three years with Billy [Donovan]. He’s a great coach, and me and him had some really good conversations,” Caruso said. “Great memories—I’m not going to lose those relationships even though I’ve left Chicago. You know, I’ve made great relationships over three years with people in eth city, Chicago itself, and obviously, teammates and coaches.”

Caruso, an All-Defense guard who has spent the past three seasons with the Bulls after winning the 2020 championship with the Los Angeles Lakers, had been the subject of trade rumors for several years. The Bulls resisted offers built around draft picks throughout his entire time in Chicago.

But in Giddey, the Bulls land a former No. 6 overall pick who was in desperate need of a fresh start. 

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Caruso is one of the best defensive perimeter players in all of basketball. He is capable of guarding 



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