Rainy Days May Be Here To Stay (for the Short‑Term)
Column Published in syndication September 28, 2016

While the diversified state economy continues to grow, one area that will continue to feel the pains of lower oil prices will be the State Treasury. Texas greatly benefited from the oil boom through revenue from natural gas and oil production taxes, which equal 7.5% of the market value of natural gas and 4.6% of the value of oil production in the state. Sales taxes, motor fuels taxes, and many other sources of funds tend to rise with the price and production of oil.