Tornadoes Put Pressure on Oklahoma's Finances With Over $100M in Damage

Williamson, Richard
May 2003
Bond Buyer;5/16/2003, Vol. 344 Issue 31637, p30
Trade Publication
The article analyzes the impact of tornadoes on Oklahoma state revenues. Oklahoma taxpayers are paying for the damage caused by the tornadoes in 1999 that killed 45 people in the Oklahoma City area. In addition to pledging general fund revenues, the state Legislature in 1999 sought federal approval for a $50 million increase in authority to issue tax-exempt mortgage revenue bonds. Officials of the Moore Public Schools in the suburbs of Oklahoma City said they plan to tap their building bond fund for cash to make emergency repairs and supplement insurance.


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