Budget Briefing: Sales Tax Receipts ‘Soar’ in Cushing on Pipeline and Tank Farm Expansion
This morning’s budget-related news:
Stillwater’s Sales Tax Receipts Rise; Cushing’s Receipts Soar, Bringing Up County Average – “Stillwater’s tax growth in April was encouraging, but another Payne County community saw a much larger increase. Payne County as a whole saw just under 11 percent growth compared to the same period last year, which was driven at least in part by Cushing’s 21 percent gain over 2011. Spurred by pipeline and tank farm expansion, Cushing’s large increase in April has not been out of the ordinary for the oil hub.” Stillwater NewsPress
OETA, Oklahoma’s Education Television Network, Given Funding for Two More Years Under Senate-passed Bill – “But Sen. Cliff Aldridge, R-Midwest City, was successful in amending the bill to sunset – or quit funding – the agency in 2014, something the House of Representatives has already rejected, said Sen. Roger Ballenger, D-Okmulgee. Aldridge said he wanted to study whether OETA could operate without state funds.” Full disclosure: OETA is a StateImpact partner and collaborator.
Pentagon Official Signals Possible Army Layoffs – “A Pentagon official signaled on Wednesday that the Army could lay off as many as 24,000 enlisted personnel and up to 5,000 officers within five years … Pressed on the possibility of involuntary terminations, Thomas Lamont, an assistant secretary of the Army, told a Senate Armed Services panel that layoffs were possible as the Army shrinks from a peak of 570,000 to 490,000.” Associated Press
Tulsa Metro Chamber Members Lobby at Capitol; About 225 Metro Leaders Push a Variety of Causes – “The chamber urged a six-item agenda: increased state funding for education, state bond funding for a popular culture museum in downtown Tulsa, funding for a quick-action closing fund to attract employers, protecting key tax credits and incentive programs, transportation funding and more funding for physician training programs. On some of those items, especially the pop museum and tax credits, the chamber may be swimming upstream.” Tulsa World
Weather Losses Drive Auto Insurance Company Out of Oklahoma – “Oklahoma’s stormy weather has driven a local auto insurance company out of the state, leaving its 6,500 customers looking for a new insurance provider and 10 employees looking for new jobs. GHS Property and Casualty Co. said it will withdraw from the Oklahoma auto insurance market primarily due to ‘the staggering effect of multiple natural disasters that left GHS with irreconcilable underwriting losses.’” The Oklahoman
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