Time running out on closing budget gap in shale-rich Oklahoma

7 Oct 2017   Shale Oil

The governor of shale-rich Oklahoma said time is running out to address budget problems, even as the state treasurer said oil market recovery has led to gains. House Minority Leader Scott Inman, who is running to fill Fallin’s seat after she leaves office on term limits, said Thursday afternoon there was a bipartisan agreement to raise sin taxes, cut a tax on wind energy producers and raise the rate for gross production taxes. Fallin responded by saying that maybe there were agreements on common goals, but if there were a budget deal, should would’ve announced it herself. Fallin called lawmakers to a special session in late September to address budget strains […]

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