When Oil Prices Plummeted, So Did Oklahoma’s State Budget – North Country Public Radio

When Oil Prices Plummeted, So Did Oklahoma’s State Budget – North Country Public Radio

This story is part of an NPR nationwide analysis of states’ revenue and budgets during the pandemic.

Oklahoma’s budget booms and busts with the energy sector. And with oil prices plummeting amid the coronavirus crisis, the state budget is in shambles.

Oklahoma Gov. Kevin Stitt says he projects the budget shortfall next year will likely be more than $1 billion. He and his Republican colleagues…

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