Oklahoma tax revenue fell in December for the 12th straight month, bringing the shortfall for the first six months of fiscal 2010 to $756.1 million.
Collections last month totaled $402.3 million, which was $179 million less than expected.
Treasurer Scott Meacham said officials were disappointed that revenue fell 30% below collections in December 2008.
“We were hopeful that revenues might begin to improve slightly,” he said. “Instead they continued their downward slide.”
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
