Ponca City, OK

Now: 19 °F

Currently: Cloudy

Hi: 19 °F | Lo: 17 °F

Monday

Hi: 45 °F 

Lo: 29 °F

Tuesday

Hi: 53 °F 

Lo: 46 °F

Wednesday

Hi: 50 °F 

Lo: 23 °F

Thursday

Hi: 43 °F 

Lo: 29 °F

Friday

Hi: 43 °F 

Lo: 19 °F

Oklahoma governor places Vision Fund on election ballot

Team Radio Marketing Group - August 10, 2018 8:45 am

OKLAHOMA CITY (AP) – Oklahoma Gov. Mary Fallin has placed on the Nov. 6 general election ballot a proposal to create a new oil and natural gas trust fund to help operate state government.
Fallin said Thursday she signed an executive order scheduling a statewide vote on the Oklahoma Vision Fund ballot question. If State Question 800 is approved, at least 5 percent of gross production tax receipts would be deposited into the fund annually.
No more than 5 percent of the endowment could be used for service payments on bonds. Four percent of the average annual principal balance could be transferred to the state’s principal operating fund annually.
Supporters of the measure say it would help prepare state government for the cyclical nature of its energy economy and fund core services during downturns.

 

Latest Stories

Man faces sentencing in death of wife found on mountaintop

(Information from: The Record (Woodland Park, N.J.), http://www.northjersey.com) ROXBURY, N.J. (AP) – The husband of a...

Oklahoma’s governor adds 2 more men to cabinet

OKLAHOMA CITY (AP) – Oklahoma’s new governor is adding an Oklahoma City restaurateur and a longtime...

University of Oklahoma investigates blackface, slur in video

NORMAN, Okla. (AP) – The University of Oklahoma says it’s investigating after a video began circulating...