Ballot Recount In Utah Decides Saving Oil And Gas Taxes

- November 27th, 2012

A ballot recount Monday confirmed that Utah voters narrowly agreed to put approximately $36 million of oil and gas riches into a permanent fund for safekeeping.

A ballot recount Monday confirmed that Utah voters narrowly agreed to put approximately $36 million of oil and gas riches into a permanent fund for safekeeping.

Highlights from market news:

– Canvass found the number of Utah voters surpassed 1 million for the first time in state history

– Constitutional amendment requiring Utah to set aside a portion of its tax on oil, gas and mining was another election night cliffhanger. With more than 79,000 absentee and provisional ballots added to the mix Monday, canvassing board confirmed it was a winner by barely 1%

Click here to read full CNBC article.

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