Revenue Down In June, But State Ends FY 2013 Up
State Treasurer Ken Miller says overall collections for June were down compared to the same month last year, but that as the fiscal year ended Sunday, collections outpaced 2012.
Gross receipts for the month of June were about $976 million, a decrease of about 1.9 percent from June 2012.
“While our monthly numbers are down slightly, the broader picture of annual collections indicate moderate expansion of Oklahoma’s economy,” Miller says. “Broad indictors show there is still reason to be optimistic about our state’s financial course.”
Gross receipts for fiscal year 2013 totaled $11.2 billion, an increase of more than $240 million from the previous fiscal year.
Sales tax collections were down by 1 percent in June compared to the same month last year, but up by more than 4 percent over the last year.