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A spike in severance taxes has fueled a jump in state revenue collections, but that increase likely will be temporary, given the on-going roller coaster effect of energy prices and production, Deputy Revenue Secretary Mark Muchow told legislators Monday.

Muchow said that while energy prices and production are currently on the upswing, after state coal production fell to a 102-year low in 2020, he noted, “the roller coaster goes in both directions.”

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Phil Kabler covers politics. He can be reached at 304-348-1220 or Follow

@PhilKabler on Twitter.

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