Ponca City, OK

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Oklahoma general fund collections outpace estimate

The Associated Press - February 14, 2019 12:29 pm

OKLAHOMA CITY (AP) – State finance officials say revenue collections to Oklahoma’s main state operating fund continue to outpace the official estimate, but they warn of a slowdown in coming months.
The Office of Management and Enterprise Services released figures on Tuesday that show General Revenue Fund collections in January totaled $714 million, which is nearly 9 percent above the monthly estimate.
Total collections for the first seven months of the fiscal year are $203 million, or nearly 6 percent, above the official estimate to date.
OMES Director John Budd says collections are strong, but he cautioned that a downturn in the energy sector that began in October is likely to reduce collections in the coming months.

 

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