Ponca City, OK

Now: 52 °F

Currently: Fair

Hi: 71 °F | Lo: 41 °F

Wednesday

Hi: 59 °F 

Lo: 36 °F

Thursday

Hi: 60 °F 

Lo: 37 °F

Friday

Hi: 67 °F 

Lo: 47 °F

Saturday

Hi: 64 °F 

Lo: 53 °F

Sunday

Hi: 69 °F 

Lo: 52 °F

Finance officials report Oklahoma collections top estimate

The Associated Press - September 11, 2018 4:33 pm

OKLAHOMA CITY (AP) – Collections to Oklahoma’s main state operating fund exceeded the official estimate by nearly 7 percent in August, buoyed mostly by better-than-expected individual income tax collections.

The Office of Management and Enterprise Services released figures on Tuesday that show collections to the General Revenue Fund totaled $455 million last month. That’s an increase of 6.6 percent from the monthly estimate and nearly 10 percent over collections during the same month last year.

Despite the good news, OMES Director Denise Northrup noted that collections from the gross production tax on oil and natural gas were nearly 10 percent below the estimate. Motor vehicle tax collections also were below the estimate.

The biggest boost came from individual income tax collections of $157.5 million, which was nearly 23 percent above the estimate.

 

Latest Stories

Apache man arrested on child pornography charge

APACHE, Oklahoma — Oklahoma State Bureau of Investigation agents arrested 63-year-old Dave Olen Carter of Apache,...

Missing Persons Day set for April 13

EDMOND — Oklahoma Missing Persons Day will be held on Saturday, April 13, from 10 a.m. ...

School board approves emergency roof repairs at three schools

The Ponca City Board of Education approved a Declaration of Emergency and Resolution to authorize Superintendent...