© 2024 KGOU
News and Music for Oklahoma
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

FY2015’s First Month General Revenue Fund Collections Top Prior Year Income

Preston Doerflinger, Office of State Finance director, during a November 2011 tax credit task force meeting.
Joe Wertz
/
StateImpact Oklahoma

Fiscal year 2015’s first month General Revenue Fund collections significantly exceeded those of the prior year and the estimate for this year,

Secretary of Finance, Administration and Information Services Preston Doerflinger reported Tuesday that July’s General Revenue Fund collections of $471 million were $61.2 million, or 14.9 percent, above prior year collections and $69.6 million, or 17.3 percent, above the official estimate. The estimate is what the FY2015 appropriated state budget is based. The new fiscal year began July 1.

“It’s nice to start this year strong after seeing GRF collections miss the estimate almost every month last year,” said Doerflinger. “There is still a long road ahead with various risks that could affect revenues along the way, but a good start is always better than a bad one.” 

-----

KGOU is a community-supported news organization and relies on contributions from readers and listeners to fulfill its mission of public service to Oklahoma and beyond. Donate online, or by contacting our Membership department.

An Oklahoma-based company with corporate headquarters located in Oklahoma City, eCapitol launched as an online capitol news and information business in the early 1990's. eCapitol provides on-the-ground, politically-neutral reporting of capitol activity.
More News
Support nonprofit, public service journalism you trust. Give now.