Ponca City, OK

Now: 73 °F

Currently: Cloudy

Hi: 73 °F | Lo: 68 °F

Wednesday

Hi: 82 °F 

Lo: 68 °F

Thursday

Hi: 88 °F 

Lo: 68 °F

Friday

Hi: 89 °F 

Lo: 71 °F

Saturday

Hi: 93 °F 

Lo: 70 °F

Sunday

Hi: 90 °F 

Lo: 70 °F

Oklahoma revenue rising but state finances still recovering

The Associated Press - February 14, 2018 3:41 pm

OKLAHOMA CITY (AP) – State finance officials say collections by Oklahoma’s largest operating fund so far this fiscal year are almost 13 percent higher than the same period last year.

But Denise Northrup, director of the Office of Management and Enterprise Services, said Wednesday the state’s coffers have not fully recovered from a prolonged slump in energy prices.

Collections by the general revenue fund during the first seven months of the fiscal year that began July 1 were $3.3 billion, which is $369 million or 12.7 percent over the same period in the previous year.

Last month, collections totaled $596 million, almost $91 million or 18 percent above January 2017.

In spite of the good financial news, Northrup says the current year’s budget has still not been fully funded with only four months left.

 

Latest Stories

Accidental Death in Ponca City

Saturday at 12:10pm the Ponca City Police Department Communications Center received a 911 call reporting that...

Report: Plane climbed slowly before fatal Ponca City crash

PONCA CITY, Okla. (AP) – The National Transportation Board says a small airplane that crashed in...

Teen arrested in connection with death of Oklahoma cyclist

Teen arrested in connection with death of Oklahoma cyclist TULSA, Okla. (AP) – Police in Tulsa...