Oil-Producing States Battered as Tax-Gushing Wells Are Shut DownBy
Louisiana, Alaska, Oklahoma face rating cuts because of impact
Energy regions left behind as fiscal recovery gains steam
In Kern County, California, one of the nation’s biggest oil producers, tumbling energy prices have wiped more than $8 billion from its property-tax base, forcing officials to tap into reserves and cut every department’s budget. It’s only getting worse.
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