The oil price bust has left lots of people licking their financial wounds. Perhaps the biggest one-way bet in the wrong direction came from the oilpatch itself, by a company and its founder at the center of the U.S. oil revolution. Harold Hamm is the $8 billion oilman; the man behind the biggest drilling company in North Dakota, Continental Resources.
In an earnings call five weeks ago, he said, "We're at the bottom rung here on prices and we'll see them recover pretty drastically pretty quick. Given our belief the recent pullback in oil prices will be short-lived, we made changes to our existing hedge book by monetizing practically all of our oil contracts."
Oklahoma's school's superintendent says miscalculations in the state's school funding formula since 1992 will soon cause a number of mid-year adjustments worth millions of dollars.
The Tulsa World reported Friday a Ponca City school official had noted that a state law caps agricultural and commercial personal property taxes at 11 percent. State Superintendent Janet Barresi said the cap has not been in place.
Monday The Journal Record published its Tribal Economic Impact issue, a deep dive into how Oklahoma’s federally recognized Native American groups fund their services and contribute to Oklahoma’s economy.
State education officials have rediscovered a law more than 20 years old which affects the way millions of dollars in current and future fiscal year funds will be distributed to the state's school districts.
The formula for midterm adjustments, she said, accounts for ad valorem tax revenues. In that factoring, the state law enacted in 1990 to take effect in 1992 mandates that agricultural and commercial personal property taxes should be capped at 11 percent. The statute also notes that the Oklahoma Tax Commission will provide that data to the Department of Education.
The Workers Compensation Commission plans to conduct a review of the private self-insured entities it oversees. Commission Chair Troy Wilson was authorized Thursday to sign a contract with a firm to perform the evaluations.
Originally published on Thu December 18, 2014 6:38 pm
Native-born Americans are making up a smaller percentage of those living in some areas of the U.S. as immigration moves to become the key factor in population growth within the next quarter-century, according to a new analysis by the Pew Charitable Trusts that examined county-level census data.