Oklahoma

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.

Oklahoma will reduce spending by $74 million or 1% under a $7.1 billion budget agreement between Gov. Mary Fallin and legislative leaders.

A former Oklahoma lawmaker is seeking to have $2 billion of budget bills from the past three years declared unconstitutional by the state Supreme Court.

An 8.2% increase in income tax receipts kept Oklahoma revenues positive despite the continued weakness of oil and gas income.

The Oklahoma House approved a bill that pre-empts local control of oil and gas drilling after an official report linked disposal wells to swarms of earthquakes.

After years of official skepticism, publicly funded studies in Texas and Oklahoma cite oil and gas industry activity as the probable cause of earthquakes in the two states.

Tax revenue from oil and gas production in Oklahoma has fallen to a 12-year low, according to the latest report from state Treasurer Ken Miller.

The Internal Revenue Service has determined that multifamily housing revenue bonds issued by the Tulsa County Industrial Authority in 2003 are taxable, but it is unclear to what extent bondholders will be affected by the Service's conclusion.

Craig General Hospital in northeastern Oklahoma continues to operate after filing for bankruptcy protection.

Integris Health Group received more than $1 billion of orders for $200 million of refunding bonds issued through the Oklahoma Development Finance Authority, producing savings of 5.8%.

With the reactivation of ancient fault lines by seismic activity over the past five years, Oklahoma now faces the risk of a major earthquake in areas of the state where oil and gas is produced by hydraulic fracturing of tight shale formations, according to a new report by geological researchers.

Tax revenue in the top oil producing states has fallen sharply, dropping by 40% in Texas, according to the U.S. Energy Information Administration.

Tulsa Public Schools won 80% approval for its record $415 million bond proposal that will help the inner-city district compete with its suburban rivals.

The doubling of Oklahoma's revenue shortfall to $600 billion is “the latest data point in a credit-negative trend,” according to Moody's Investors Service.

In a review of key public finance sectors affected by falling oil prices, Moody's Investors Service analysts see an upside for transportation and those supported by consumer spending.

Voters gave three Tulsa, Okla., area school districts authority to issue $487 million of bonds for school construction, including $340 million for the Broken Arrow district.