General Fund revenues below projections

Ponca City Now - May 13, 2015 7:24 am

OKLAHOMA CITY (AP) – Gov. Mary Fallin’s secretary of finance says collections by the state’s main operating fund last month came in 11.4 percent below projections.

Preston Doerflinger said Tuesday that declining receipts by the general revenue fund in April sent yearly collections below the official estimate upon which the state budget is based.

Doerflinger says this may mark the beginning of a temporary revenue downturn that officials have been expecting and require state agencies to tighten their budgets.

Collections last month totaled $673 million, about $87 million below estimate and $17 million below April 2014 collections.

General revenue fund collections for the first 10 months of the fiscal year that began July 1 totaled $4.8 billion. That’s $4.5 million below estimates, but about $200 million more than at the same time last year.

 

Latest Stories

Oklahoma COVID-19 update for 8 March 2021

As of this advisory, there are 429,162 cases of COVID-19 in Oklahoma. Kay County is reporting...

Pardon and Parole Board to consider hearing for Julius Jones

by: K. Querry-Thompson   UPDATE: The Oklahoma Pardon and Parole Board on Monday voted to advance death...

OU football games expected to be at full capacity in the fall

by: K. Querry-Thompson NORMAN, Okla. (KFOR) – As more Oklahomans become vaccinated against COVID-19, venues are making...