As we transition into March, there are quite a few things that we need to monitor as we move into the next fiscal year. As we have pointed out several times over the past few months, we see a continuing recovery in sales and income taxes and gross production.
As we transition into March, there are quite a few things that we need to monitor as we move into the next fiscal year. As we have pointed out several times over the past few months, we see a continuing recovery in sales and income taxes and gross production. The February 20 Board of Equalization meeting opened with a discussion of Oklahoma’s economic recovery. A point was made that we're in a position where the petroleum industry will help in recovery, but we cannot count on it to push the recovery to unprecedented levels. This is probably a fairly good description due to the percentage growth that the market will bear.
That brings us to the question of what to expect in the next fiscal year. If you asked this question in spring 2015, optimism would have been high, and we would not have foreseen the issues that would unfold in the following three years. Prognostication is tough, and there doesn’t seem to be any absolutes. However, here are a few things that we might look toward:
As always, if we can help you plan for the coming year, please don’t hesitate to
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The end of January brings February and the legislative session. The past three years have brought significant stress during the legislative session, but it does appear Oklahoma is in the midst of recovery. January 24th was the first time in a long time that the U.S. crude oil benchmark.
How true is that? Rhetorical question, I know BUT after three weeks of taking a break from my blog musings, I am ready to start anew. And yes, I have discovered some little things that have made my life happy!
The Oklahoma Public School Resource Center (OPSRC) has named Carole Kelley as its new director of teaching and learning.
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