RELEASE: Incentive Evaluation Commission sets schedule


For Immediate Release

Finance, Administration
and Information Technology


June 29, 2016

Incentive Evaluation Commission sets schedule

Independent firm to review $110M in incentives prior to legislative session

OKLAHOMA CITY - The Incentive Evaluation Commission on Wednesday approved an evaluation schedule for the dozens of economic incentives offered by state government.

A new law enacted in 2015 requires each state economic incentive to be independently evaluated once every four years. Until it was enacted, Oklahoma had no formal process to review the effectiveness of the dozens of tax credits, rebates, deductions and other programs offered to businesses to encourage economic activity in the state.

The schedule approved Wednesday calls for more than $470 million in incentives to be evaluated over the next four years. The first evaluations will be delivered to the governor and Legislature before the next legislative session. The cost of incentives to be evaluated in the first year totals $110 million.

The evaluations, which are performed by an independent contractor and overseen by the commission, will determine the effectiveness of each incentive and recommend whether it be retained, reformed or repealed.

Following a request for proposal process, the private firm Public Financial Management (PFM) was selected to perform the evaluations. The firm’s leaders for Oklahoma’s incentive evaluation work are John Cape and Randall Bauer, the former state budget directors of New York and Iowa, respectively, who, along with their colleagues, have extensive experience performing similar evaluations for other governmental entities. PFM has 600 employees among 39 offices nationwide. PFM’s contract, held and paid by the Office of Management and Enterprise Services, is for one year with three potential yearly renewals at a rate of $239,691 a year.

To view the schedule, click here. 

Media Contact

Director of Public Affairs
(405) 521-3097 |

OMES 'O' Logo

About the Office of Management and Enterprise Services

The Office of Management and Enterprise Services provides financial, property, purchasing, human resources and information technology services to all state agencies, and assists the Governor’s Office on budgetary policy matters. Our mission: Supporting our partners through unified business services. For more information, visit