Oklahoma

While the key oil production states of Oklahoma, North Dakota and California have all been hit hard by the drop in crude oil prices, the impact varies at both the state and local government level, Moody’s Investors Service says.

A plan to reduce Oklahoma’s $1.3 billion budget shortfall would include $500 million of bonds for highway projects under a plan announced by Gov. Mary Fallin.

As Oklahoma lawmakers sought additional funds to close a $1.3 billion budget gap, Treasurer Ken Miller gave them the bad news that state tax receipts in March were the lowest in four years.

Some investors holding millions of dollars of bonds in default in the Florida panhandle are upset by what they see as inaction by trustee Bank of Oklahoma Financial and a fired employee with links to accused fraudster Christopher Brogdon.

The Oklahoma City suburb of Yukon does not have enough money to pay its bills for the remainder of the fiscal year after $1.3 million was taken from a bond fund for general expenses, officials said.

Oklahoma City is at risk of losing its triple-A rating after Moody’s Investors Service shifted the outlook to negative.

Oklahoma revenues for February ran 18% below projections as the state Legislature grapples with a budget gap of more than $900 million.

Oklahoma will use $78.5 million from its rainy day fund to operate public schools and prisons in the current fiscal year, Gov. Mary Fallin announced.

Oklahoma Gov. Mary Fallin wants lawmakers to approve another $120 million of bonds to complete repairs of the Capitol, as they struggle with a $910 million budget gap.

Standard & Poor's credit analysts say they will closely watch how Oklahoma resolves its $900.8 million shortfall in a depressed energy market that has drained the state's coffers.

Oklahoma's 3% mid-year cuts to school districts are credit negative because they hinder the districts from paying for budgeted expenditures for the remainder of the school year, according to Moody's Investors Service.

Oklahoma's projected 13% decline in revenues in fiscal 2017 illustrates how much low energy prices will stress budgets in oil and gas producing states, Moody's Investors Service says.

Seven U.S. cities intend to dedicate 10% of their annual budgets toward resilience strategies under a worldwide program designed to fortify urban centers.

Oklahoma plans to price $115 million of revolving fund revenue bonds to replenish its loan pool for local water utilities.

A bond investor’s suspicions triggered a municipal bond trustee’s firing of a vice president but the question remains: what happened to more than $2 million?

The University of Oklahoma Board of Regents is going to market with $245 million of taxable and tax-exempt bonds for improvements to the football stadium, its residential colleges and a parking garage, after Fitch & S&P downgrades.

A consultant's report shows that earnings for Oklahoma's seven public pension funds fell steeply from the previous year. State Treasurer Ken Miller said the drop was not unexpected but should guide policies in the future.

Issuers in the Southwest sold $42.8 billion of municipal bonds in the first half of 2015, according to data from Thomson Reuters, a 39% year-over-year increase

A 5% drop in revenues in July represented Oklahoma’s third consecutive month of declines over the same period last year, according to state Treasurer Ken Miller.

Earthquakes across the nation’s energy-producing regions could have widespread impact on credits and the economies of the regions, according to a report by Standard & Poor’s.