Capacity storage at Cushing does not mean higher tax revenues

As the glut in the oil market has crude flowing into Cushing at unprecedented levels, storage tanks surrounding the city are nearly full, raising the question of how much ad valor taxes will this generate for area schools? “Not as much as you’d think,” says Payne County Tax Assessor James Cowan, who explained that taxes are more impacted by the price of oil, not by the volume. "Full tanks would…