State Capitol
1:23 pm
Tue February 11, 2014

Oklahoma Revenue Collections Improve In January

State finance officials say collections to Oklahoma government's main operating fund improved in January, lessening the chance that mandatory budget cuts will be ordered for the current fiscal year.

Credit KellyK / Flickr Creative Commons

Figures released Tuesday by the Office of Management and Enterprise Services show January collections to the General Revenue Fund totaled $610 million. That amount is 6.5 percent above the official estimate used to build the current year's state budget.

Secretary of Finance Preston Doerflinger says the month's strong collections make it unlikely the state will face a revenue failure this year.

The General Revenue Fund is the primary source of funding the Legislature uses to spend on state services. Year-to-date collections to the fund are about 4.5 percent below the official estimate.

---------------------

KGOU produces journalism in the public interest, essential to an informed electorate. Help support informative, in-depth journalism with a donation online, or contact our Membership department.