Declining oil, gas production tax collections affect state

The downward trend for oil and gas prices has had a notable effect on the state’s income, Oklahoma Treasurer Todd Russ said. In his latest report on the state’s finances, Russ said gross receipts to the treasury continued to slide in June with the moderating of oil and gas prices. Total revenues of $17.44 billion recorded over the course of the 12 months leading up to June were nearly $200 ...