Oklahoma

The state’s economic downturn has yet to subside, State Treasurer Randy McDaniel said.

Among the measures, Arkansas voters voted to make a temporary transportation sales tax permanent and Arizona voters raised income taxes on high earners.

Weathering headwinds from the pandemic and energy industry turmoil, the Oklahoma Department of Transportation will price $193 million for highway projects.

Upfront savings from the $371 million deal will improve liquidity for the authority after the coronavirus-caused traffic downturn.

The state's financial downturn shows signs of improvement, treasurer says.

A U.S. Supreme Court ruling that affirmed the existence of Indian reservations across the eastern half of the state will mean lost tax revenue, officials said.

In their first bond election of the COVID-19 crisis, Oklahoma voters rejected several proposals, including $120 million in the city of Norman.

Oklahoma returned to a positive trend in tax receipts in July, but Treasurer Randy McDaniel cautions that troublesome signs remain.

Tribal leaders, after a landmark win at the Supreme Court, decided not to rush into a deal with the state to seek jurisdictional clarity from Congress.

The Supreme Court ruled that Native American tribes had never given up or lost their jurisdiction over eastern Oklahoma.

Although oil and gas revenues remain low, Oklahoma saw signs of hope for recovery in June.

With data from the two worst months of the year so far, state and local analysts are beginning to size up expected revenue losses.

Oklahoma lawmakers stood their ground after Gov. Kevin Stitt vetoed the budget and diversions from pension funds and transportation.

The steep drop in revenue does not yet reflect the collapse in oil prices, Oklahoma Treasurer Randy McDaniel said.

The state will cut its budget no more than 4% amid a revenue crisis, legislative leaders announced.

After the unprecedented collapse an oil futures contract into negative territory, the leading oil producing states face budget uncertainty.

Lawmakers granted Kevin Stitt authority to shift money where it's needed amid a coronavirus-driven fiscal crisis.

Bond-financed student housing was already facing headwinds when the COVID-19 crisis sent most tenants home.

After eight oil-producing states recovered from the 2014 oil price collapse, they face another downturn, S&P Global Ratings said.

Less than six years after the last oil price collapse, producing states of the Southwest are facing another sharp drop and the prospect of recession.