Ponca City, OK

Now: 24 °F

Currently: Fair

Hi: 24 °F | Lo: 19 °F

Thursday

Hi: 51 °F 

Lo: 27 °F

Friday

Hi: 57 °F 

Lo: 38 °F

Saturday

Hi: 58 °F 

Lo: 44 °F

Sunday

Hi: 61 °F 

Lo: 33 °F

Monday

Hi: 49 °F 

Lo: 29 °F

Moody’s issues ‘credit negative’ outlook for Oklahoma

The Associated Press - November 6, 2017 2:17 pm

OKLAHOMA CITY (AP) – One of the nation’s top rating agencies is issuing Oklahoma a “credit negative” warning amid the state Legislature’s inability to close a $215 million hole in its budget for the current fiscal year.

Moody’s Investor Service issued the credit outlook for Oklahoma Monday in its latest credit bulletin on U.S. public finance.

The rating agency noted that while the estimated budget gap is only 4 percent of general fund spending, it is meaningful. It pointed specifically to the legislative budget impasse that has stretched on for nearly six weeks.

Oklahoma’s GOP governor and Republican-controlled House and Senate have not been able to reach an agreement on any long-term revenue measures. The agency also warns that using one-time revenue sources will make future Oklahoma budgets more difficult.

 

Latest Stories

Cleveland County jail inmate found unresponsive, dies

NORMAN, Okla. (AP) – Authorities say a man arrested for trespassing when he refused to leave...

Ponca City Aviation Foundation donates funds to all Ponca City public schools

The Ponca City Aviation Foundation has donated a $500 Walmart gift card to all schools in...

Oklahoma officials warn against drones near air force base

ENID, Okla. (AP) – Officials at a northern Oklahoma air force base are asking the public...