Oklahoma treasury collections fall 5% in August amid oil dip

The Associated Press - September 5, 2020 11:46 am

OKLAHOMA CITY (AP) — Overall collections to the state treasury last month were nearly 5% below collections from August 2019.

State Treasurer Randy McDaniel’s report on Friday shows that August collections were the fifth month since February in which total receipts were lower than those of the year before. He says slumping oil and gas production tax revenues were the primary drivers in the dip with collections more than 46%, or $35 million, below last year’s.

 

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