Despite voters rejecting in November State Question 800, known as the Vision Fund, Senator John Michael Montgomery and Rep. Kyle Hilbert plan to re-introduce the concept.
“How our state manages its oil and gas wealth is unsustainable. Running from crisis to crisis is no way to govern. The Vision Fund strategy has been proven to work in other states,” said Montgomery. “What I heard during this past campaign from those opposed to the Vision Fund was not an opposition to the concept, but an opposition to certain details within the proposal. I am committed to working with stakeholders on all sides to take this from a concept to reality.”
State Question 800 would have taken a portion of Gross Production Taxes and invest them in certain funds. The return on investment was to be used for government functions.
Hilbert believes they can improve the proposal.
“Many of the opponents of SQ800 agreed that our state is in dire need of long-term, sustainable budget policy. I am committed to working with those organizations to develop a policy that is beneficial for all of Oklahoma,” said Hilbert. “It is imperative that we bring forth solutions that will bring a level of stability to our state’s budget. The Vision Fund concept can bring us that needed stability.”
