Senate committee backs creation of "Taxpayer Endowment" trust and $200M seed transfer Lawmakers approved HB 40-72 to create a statutory taxpayer endowment trust funded initially with a $200 million transfer and a 25% diversion of certain future gross-production overages; members pressed for investment limits and governance safeguards.

Oklahoma lawmakers have just approved a groundbreaking bill to create a $1 billion Taxpayer Endowment Trust Fund, but questions about governance and investment risks are raising eyebrows!

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#OK #CitizenPortal #RevenueStabilization #InvestmentGovernance #FiscalResponsibility

Saint Mary's County faces $20 million revenue loss amid property tax cap discussions County faces significant revenue loss, projecting underperformance in income tax collections for 2010.

St. Mary's County is grappling with a staggering $20 million revenue loss due to property tax cap discussions, raising urgent questions about its financial future.

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#St.Mary'sCounty #MD #BudgetChallenges #TaxReform #RevenueStabilization #CitizenPortal #StMarysCountyFinance