Budget

Late Autumn Revenues Fall Short of Projections

On Wednesday, November 20th, legislative and executive branch economists released the revenue update for November, detailing collections for the first four months of Fiscal Year (FY) 2025. The Revenue Summary (TC-23) published by the Tax Commission...read more

The Severance Reference: Mapping Oil, Gas, and Mining Taxes in the Budget

The tax generated by the sale of oil and natural gas, and the mining of various compounds is a complicated, and widely discussed piece of the state budget. Severance tax applies to the “upstream” activity within the extractive industries, where...read more

At Your Service: Statewide Internal Service Funds

You may recall last August when we discussed Internal Service Funds (ISFs) as they relate to the Attorney General’s Office. Today, we take a step back and review how Internal Service Funds play a role in the state’s budget. Function...read more

TIF Talk: Understanding the Lingo of Transportation Funding

The Transportation Investment Fund of 2005 (or TIF for short) is one of the largest accounts in the state budget, with revenues of over $3.2 billion in FY 2025. While appropriations for transportation projects represent a significant part of the...read more

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