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each incentive and recommend whether it be retained, reformed or repealed.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
JOHN ESTUS
Director of Public Affairs
(405) 521-3097 | john.estus@omes.ok.gov
 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 OMES.OK.gov.
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