Dennis Jansen Interviewed on the Effects of Low Oil Prices on Local Economy
Apr 23, 2020
Summary: Dennis Jansen was interviewed on Monday, April 20, 2020 on KBTX news as part of a report on budget cuts and lost revenues facing College Station-Bryan.
As local residents stay home they are spending fewer dollars on taxable purchases, which is having a large impact on our local government’s tax revenues. The Cities of Bryan and College Station have both announced cost-cutting measures and the need to prioritize spending moving forward.
Local wages are also taking a hit as oil futures plunged to below zero earlier this week. Oil, Mining, Gas and Extraction make up about 5% of all wages in the College Station-Bryan area.
Click here to see the full interview
on KBTX news.