Oklahoma’s budget is dependent on the value of petroleum products and the amount of petroleum products produced. Gross production tax increases during the FY18 Legislative session raised the questions: what really drives the amount of gross production taxes Oklahoma receives, and should we expect a big jump in taxes? After visiting with several different experts, we went to the Energy Information Administration and took a simplistic look at the cause and effect in revenues collected for gross production taxes.
The first graph is the total revenue by month from gross production collections paid to schools in the fiscal years listed. The bottom graph is the spot price of crude oil at Cushing. These graphs show that collections follow a similar pattern. We can also see several historical peaks and valleys in the collections and prices, to be expected with any commodity. When the actual data comes out this month, we can expect to see a dip in taxes because there is a cyclical dip in prices.
We became concerned a few months ago when a media blitz started about the taxation patterns of wind farms (wind energy systems if you talk to industry people).
Think back to your first year in education and your experiences in the classroom. It was probably one of the hardest years of your professional life and by October, you might have been asking yourself, “what am I doing here?” In my case, I think I cried at least once a month if not more.
We're all familiar with teacher PD. But what about student PD? Probably not so much! Typically, this isn't even something we consider, probably because their main role in school is already focused on learning.
Good news, teachers! Google Quizzes in Google Forms is getting better! As part of the G Suite Apps, Google Forms are fantastic, and they allow you to create all sorts of amazing things like: