The Oklahoman editorialized this week in favor of Senator David Holt’s legislation to make law enforcement dash cam videos a public record. The editorial can be read here.
The Oklahoman has coverage of Senator David Holt’s recent visit to the Myriad Gardens. You can read about it here.
This week, OKC Friday ran an op-ed by Senator David Holt regarding pension reform. It can be read here:
Like many government agencies and private employers around the nation, Oklahoma made promises to its state employees about retirement that have turned out to be difficult to keep. Across half a dozen pension plans that the state administers, the funding gap exceeds $11 billion. To put that into perspective, that is the equivalent of 2/3 of the state government’s total expenditures in a given year.
The shortfall has its foundations in unrealistic investment assumptions, overly generous retirement ages, and policymakers who sacrificed long term solvency to score political points.
The shortfall means that promises made to state employees in the past may not be kept, with repercussions that will harm taxpayers.
The primary solution is to transition new hires from defined benefits to defined contributions. This means that instead of promising benefits that are untethered from revenue realities, new state employees will retire on the money they place into retirement accounts. Employees will also enjoy the portability of such accounts.
This is clearly the right thing to do for the taxpayers, existing employees and future employees. And momentum is building to finally address this issue in 2014. But as with many issues, an alternate reality can take hold at the State Capitol, and the right thing can fall victim to pressure from interest groups.
State employee groups are already organizing against reforms, even though failure to reform means insolvency and broken promises. We as legislators should not bow down to such pressure. We were elected to solve problems, and the solutions to this problem have become clear. I commend Fridayland legislator Randy McDaniel for working this issue for several years now, and I stand ready to support him and the taxpayers of Oklahoma. The 2014 legislative session is the time to address pension reform, before it is too late.
Every year he has been in the Legislature, Senator David Holt has introduced a tax cut proposal. To date, the Republican government elected in 2010 has still not enacted a reduction in the Oklahoma income tax rate. This week, joined by members of the House and Senate, Senator Holt introduced SB 1849, which proposes to lower the state’s income tax rate to 4.0 percent within four years.
The press release can be read here.
A statement of support from OCPA Impact can be read here.
An endorsement by Grover Norquist can be viewed here.
An endorsement from Americans for Tax Reform can be viewed here.
Here is media coverage of the announcement:
Today, the Tulsa World has coverage of Senator David Holt’s legislation to make Highway Patrol dash cam videos a public record. You can read the story here.
KFOR had coverage today on Senator David Holt’s bill to make Highway Patrol dash cam videos a public record. The story can be viewed here.
I really enjoyed reading to kids today (including ours) at the Myriad Gardens! Thanks to the Gardens for all they do for our community!
Join Senator David Holt at the Myriad Gardens on January 15th for reading and crafts activities for kids ages 2-5. For more info, click here.
Happy New Year from the Holts!
(from left to right – Rachel, George, David and Maggie; on the home court of the Oklahoma City Thunder at Chesapeake Arena)