Oklahoma governor plans special session to fix budget shortfall - Stephanie Kellly, Reuters

Oklahoma’s fiscal issues stem from tax cuts and structural changes to the state budget, further exacerbated by a decline in energy prices a few years ago, said Robert Dauffenbach, a senior associate dean for economic development and impact at the University of Oklahoma. Oklahoma has a balanced budget requirement. Its fiscal 2018 budget totaled about $6.8 billion, according to Michael McNutt, a spokesman for Fallin. The yield on Oklahoma 10-year general obligation bonds traded 20 basis points over the benchmark Thomson Reuters Municipal Market Data AAA yield scale at the close on Tuesday. The yield was little changed from the end of May, when the state’s legislative session ended. https://www.reuters.com/article/us-usa-municipals-oklahoma/oklahoma-governor-plans-special-session-to-fix-budget-shortfall-idUSKCN1BH2RP