So will the state lower taxes or will the (Dem) parasites consume the surplus?
Quick, cut taxes before the parasites smell a surplus.
Oklahoma Legislature Passes Controversial Tax Incentive for New Oil and Gas Wells
http://stateimpact.npr.org/oklahoma/2014/05/23/oklahoma-legislature-passes-controversial-tax-incentive-for-new-oil-and-gas-wells/
House Bill 2562 replaces a tax incentive for horizontal drilling with one for both horizontal and traditional, vertical drilling.
The incentive reduced state taxes on oil and gas production, set at 7 percent, to 1 percent for the first four years of production. Horizontal drilling is now common practice and employed in most new wells drilled in Oklahoma.
The incentive expires in 2015...
It will be at least two years before we hit a surplus. But the likelihood is that Obama will go out in 2016 with a budget that is nearly balanced. The democrats will have had nothing to do with that balanced budget. They will have fought tooth and nail to prevent that from happening. But they will claim credit for it.
Same thing happened with Clinton. He fought Newt tooth and nail to prevent a balanced budget and then took credit for the balanced budget once it was achieved.