Rob: Well Oklahoma has enjoyed a surplus of state revenue the past few
years, thanks, in great part, to high energy prices.
Now lawmakers have cut taxes while state spending has also grown.
But with worries over a looming national recession, such good times
may quickly be coming to an end.
A new report from the nation's governors says, Oklahoma is one of twenty
states that could experience a severe shortage of cash, because
of our current "cut and then still spend" economic model.
While tax cuts are always good news for taxpayers, they aren't so good for
tax consumers, like schools, state healthcare, and anyone who needs to
drive on a state road.
Lawmakers will face some tough decisions in the coming months, while we as
a state decide, what do we want, and what are we willing to pay for.
I'm Rob McClendon.
Thanks for watching.
See you soon.