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Tag Archives: oklahoma legislature

Energy leaders agree to cap Oklahoma tax rebate program

OKLAHOMA CITY (AP) — A tax rebate for oil and natural gas wells projected to cost Oklahoma $133 million in the upcoming fiscal year would be capped at $25 million per year under a bill that’s been agreed to by some of the state’s top energy industry leaders. The Oklahoma Independent Petroleum Association announced Thursday its governing board agreed to ...

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Oklahoma officials order $235M cut to state agencies

Oklahoma State Capitol. (Image: Ben Dunham via Flickr)

OKLAHOMA CITY (AP) — Oklahoma finance officials on Thursday announced another $235 million in cuts amid the sharp drop in oil and natural gas prices, saying schools, prisons and other state agencies will see their budgets slashed by 7 percent for the rest of the year. Public schools alone will have nearly $110 million cut from their budgets for the ...

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