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County Oil and Gas Valuation Depletion funds to be restored


Barton County and other oil-producing counties in Kansas will get back at least some of the state’s Oil and Gas Valuation Depletion Trust Fund (OGVDTF) money that was withheld last year, County Administrator said Monday.
The so-called “rainy day fund” was made up of taxes collected from oil and gas producers in each county. Its purpose was to make up shortfalls caused by drops in valuation. In the past, the state would return 14 percent of each county’s portion back to the county.
During the 2013 Kansas Legislative Session, a budget was passed that reduced the amount counties ...


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