With oil prices plummeting to their lowest level in decades, Texas’ economy and budget stand the most to gain and lose as the nation’s top oil-producing state.

“The consequences for Texas of the drop in prices over the weekend will depend on two questions: 1) how low, and 2) how long,” Dale Craymer, president of the Texas Taxpayers and Research Association, wrote in an email. “Of course, we can’t look at the impact of a drop in oil prices on Texas in…

Texas cities are at odds over a proposal from the state comptroller to curtail deals that give companies including Dell Technologies Inc. and Best Buy Co. Inc., substantial chunks of their local sales tax collections as incentives to locate or stay there.