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(Updated) Fallin touts diverse energy sector to meet future needs of state, nation (access required)

From its traditional foundation in oil and natural gas, Oklahoma’s energy sector now features a robust wind-energy industry and other means of producing power that will help fuel its economy into the future, Gov. Mary Fallin said Monday.

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Fallin: With 10-month general revenue collections $350 million fatter than expected, it’s income tax-cut time (access required)

General revenue collections through April topped $4.55 billion or $353.6 million more than officials expected and $434.6 million more than the first 10 months of last fiscal year, officials said Tuesday. “This puts lawmakers in a great position,” said Gov. ...

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Energy industry contributes one of every $3 to Oklahoma’s gross state product, one-fifth of state personal income, says OERB report (access required)

In 2011, Oklahoma’s oil and gas industry set off long-range economic activity estimated to make up $52 billion of the gross state product, or one out of every $3 in GSP, as well as $28 billion or 20 percent of ...

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Capitol week in review … (April 30-May 4) (access required)

We may have our first interim study subject lined up for this year—workers’ compensation reform. Sound familiar? House Speaker Kris Steele thinks it’s ripe for another go ‘round. Well, maybe not another massive redrafting of Title 85 (that’s where workers’ ...

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Facing tight budget and natural gas price uncertainty, legislative leaders dial back size of potential income tax cut, focus funding talk on rosier new-money number (access required)

Nervous about lack of improvement in natural gas prices, legislative leaders continue to retreat from talk of any major income tax reduction this session.

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