Posted on 04/15/2020 7:13:05 AM PDT by BackRoads775
Oklahoma City (KOKH) The first indications of how the Coronavirus is affecting the economy in Oklahoma are just starting to be seen and what leaders are seeing is not pretty.
(Excerpt) Read more at okcfox.com ...
Hell yea the worst is yet to come. What did they expect?
Let’s hope that all governments at all levels had some “rainy day funds” for this torrential downpour.
Oklahoma makes a great effort NOT to give out state tax refunds.
Looks like it’s raining!
All 57 States should have revenue shortfalls. Especially those that have sales taxes.
I’ll take “You Don’t Say!” for $400, Alex.
One of the best kept California tax secrets has been the postponing of filing/paying your California Income Taxes to coincide with the federal postponement.
We paid our half yearly property taxes to keep our local government semi afloat.
It always gets me that the elected officials always worry when their “revenue” is short. They have millions of people out of work because THE GOVERNMENT shut down the economy, but the elected officials are worried about THEIR money.
Rainy day fund? It’s called a tax hike.
Herein lies how the President forces the state’s hands. Any bill that comes to his desk that gives the states money gets vetoed or pocket vetoed until such time as they open up their economies.
Not picking on OK here just using the article to predict that certain other Northeast blue states will soon feel the budget squeeze from their reckless and endless “lockdown” tyranny.
Paging Mr Obvious!
Well, we have to remember, that “the government” consists of literally thousands of governmental entities across the country — states, cities, towns, townships in some states, school districts, counties, state colleges, etc. — all of whom have their own individual budgets and revenue sources which are being interrupted.
We will see how many of these governmental entities, have contingency funds, rainy day funds, even basic savings accounts, which can help tide them over.
Oklahoma and 56 other states.
We’re going to see how many states have “Empty Piggy Banks” like the empty cupboards that were for medical supplies they did not stockpile.
Wait a second. I know the federal April 15 tax deadline has been suspended until July, but I’m not sure about the March 15 deadline for corporations, trusts, etc. Nor whether the states are also moving back their tax deadlines.
LOL. A tax hike on broke people.
Shutting down the economy is stupid without knowing the FATALITIES AS A PERCENTAGE OF THE INFECTION RATE.
We need more ANTIBODY STUDIES ASAP!!!
A 1000 person German antibody study by the University of Bonn resulted in a death rate of those infected at 0.37% and a CV infection rate at 15%. The Diamond Princess had an infection rate of 17%.
CV appears to be MORE CONTAGIOUS and LESS LETHAL than we thought.
If this is correct, the US economy should be reopened NOW, all schools reopened, protect the elderly with preexisting conditions and stop this MEDIA DRIVEN PANIC & NONSENSE.
Thankfully Trump is directing just that.
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