What We’re Reading: Health Care Lobbying, Gas Revenue Down, Worry About Wind Incentive
Gov. Mary Fallin is getting intense “behind-the-scenes” lobbying from health care interests.
Latest Posts
November 14, 2012
August 3, 2012
Oklahoma Dodged Bullet on Natural Gas Revenue, Treasurer Says
Historically low natural gas prices have dragged down revenues from gross production taxes, alarming state budget officials. But prices weren’t low enough long enough to trigger a 3 percent reduction in the tax rate. Oklahoma-produced gas sold for an average of $2.92 per thousand cubic feet in March and April. State Treasurer Ken Miller says [...]
Oklahoma Dodged Bullet on Natural Gas Revenue, Treasurer Says
Historically low natural gas prices have dragged down revenues from gross production taxes, alarming state budget officials. But prices weren’t low enough long enough to trigger a 3 percent reduction in the tax rate. Oklahoma-produced gas sold for an average of $2.92 per thousand cubic feet in March and April. State Treasurer Ken Miller says [...]
July 5, 2012
Fiscal Year Ends: Overall Revenues Up, Energy Taxes Still Sliding
Fiscal year 2012 has ended, and Oklahoma finished “well into the black,” State Treasurer Ken Miller said in a statement with his monthly revenue report. Revenue wise, things look good. Total revenue collections are up more than 7 percent from FY 2011, which means the state collected about $782 million more than it did last [...]
Fiscal Year Ends: Overall Revenues Up, Energy Taxes Still Sliding
Fiscal year 2012 has ended, and Oklahoma finished “well into the black,” State Treasurer Ken Miller said in a statement with his monthly revenue report. Revenue wise, things look good. Total revenue collections are up more than 7 percent from FY 2011, which means the state collected about $782 million more than it did last [...]
June 5, 2012
Oklahoma Treasurer: Oil and Gas Revenues Still Sliding
State tax collections are up, thanks to increased income and sales tax revenues. But finance officials are watching for “spillover” effects from steadily declining oil and natural gas revenues, State Treasurer Ken Miller said Tuesday. May marked the six month in a row that gross production taxes from oil and natural gas were less than the [...]
Oklahoma Treasurer: Oil and Gas Revenues Still Sliding
State tax collections are up, thanks to increased income and sales tax revenues. But finance officials are watching for “spillover” effects from steadily declining oil and natural gas revenues, State Treasurer Ken Miller said Tuesday. May marked the six month in a row that gross production taxes from oil and natural gas were less than the [...]
February 3, 2012
How Low Natural Gas Prices Could Slow OK’s Growth
The price of natural gas is down — way down, and Oklahoma’s state government is feeling the effects. Increased supply and a mild winter have curbed gas prices, and collections from natural gas gross production taxes are below expectations, Oklahoma Treasurer Ken Miller said yesterday. Oklahoma energy companies have already shifted their focus to oil. [...]
How Low Natural Gas Prices Could Slow OK’s Growth
The price of natural gas is down — way down, and Oklahoma’s state government is feeling the effects. Increased supply and a mild winter have curbed gas prices, and collections from natural gas gross production taxes are below expectations, Oklahoma Treasurer Ken Miller said yesterday. Oklahoma energy companies have already shifted their focus to oil. [...]
January 19, 2012
Oil, Gas and What a ‘Boom’ Means to Big-Energy Oklahoma
Oklahoma’s unemployment rate is well below the national average, and it’s among those adding jobs the fastest. Oklahoma is as much an energy state today as perhaps it’s ever been, according to one economist, and finance officials agree that revenues from oil and natural gas have helped shelter the state from the worst of the [...]
Oil, Gas and What a ‘Boom’ Means to Big-Energy Oklahoma
Oklahoma’s unemployment rate is well below the national average, and it’s among those adding jobs the fastest. Oklahoma is as much an energy state today as perhaps it’s ever been, according to one economist, and finance officials agree that revenues from oil and natural gas have helped shelter the state from the worst of the [...]
December 14, 2011
Energy Prices Could Temper OK’s Economic Expansion
Oklahoma’s economy should continue to grow, but the expansion could be restrained by the price of natural gas and oil, Oklahoma State University economist and professor Dan Rickman said Tuesday. Rickman spoke at the 2012 Oklahoma Economic Outlook Conference, which was hosted by OSU’s Spears School of Business. The full text of the economic forecasts [...]
Energy Prices Could Temper OK’s Economic Expansion
Oklahoma’s economy should continue to grow, but the expansion could be restrained by the price of natural gas and oil, Oklahoma State University economist and professor Dan Rickman said Tuesday. Rickman spoke at the 2012 Oklahoma Economic Outlook Conference, which was hosted by OSU’s Spears School of Business. The full text of the economic forecasts [...]
Flat Budget Won’t Budge Despite Oil Tax ‘Bonanza’
The AP with the synopsis: State finance officials said a boom in Oklahoma’s oil patch is helping to boost general revenue collections more than 20 percent over the same time last year.
November 16, 2011
Exploring Oklahoma’s Revenue Growth
The state’s general revenue fund is growing, State Finance Director Preston Doerflinger said in a statement released Tuesday. The Tulsa World’s Randy Krehbiel on the basics: Deposits to the fund, the source for most legislative appropriations, totaled $408.1 million for October, a 6.3 percent increase over the same month a year ago and 2.3 percent [...]
Exploring Oklahoma’s Revenue Growth
The state’s general revenue fund is growing, State Finance Director Preston Doerflinger said in a statement released Tuesday. The Tulsa World’s Randy Krehbiel on the basics: Deposits to the fund, the source for most legislative appropriations, totaled $408.1 million for October, a 6.3 percent increase over the same month a year ago and 2.3 percent [...]
November 8, 2011
State Lawmakers Might Have Deeper Pockets Next Session
eCapitol News reports: Lawmakers could have more money to spend during the 2012 legislative session if Oklahoma’s General Revenue Fund collections follow the trend of the past 10 years, the Office of State Finance reported. The OSF released its State Budget Outlook Multi-Year Trend Analysis last week, which analyzes major sources of tax revenues for [...]
State Lawmakers Might Have Deeper Pockets Next Session
eCapitol News reports: Lawmakers could have more money to spend during the 2012 legislative session if Oklahoma’s General Revenue Fund collections follow the trend of the past 10 years, the Office of State Finance reported. The OSF released its State Budget Outlook Multi-Year Trend Analysis last week, which analyzes major sources of tax revenues for [...]