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Oklahoma House approves energy stabilization fund

Posted on 05 March 2010

From Cnbc.com: House Speaker Chris Benge’s plan to ease the impact of volatile energy prices on state oil and natural gas taxes and stabilize the state budgeting process was overwhelmingly approved by the Oklahoma House on Thursday.

Benge, R-Tulsa, told House members that the fund will help ease the financial fallout from low oil and natural gas prices. Lawmakers are expected to have about $1.2 billion less to spend next year than they appropriated last year, due mostly to a sluggish economy and low energy prices……………………………………..Full Article: Source

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