oklahoma revenue

State Capitol
9:01 am
Thu June 5, 2014

Oklahoma House Members Want To Explore State Revenue

Credit Nicholas Henderson / Flickr Creative Commons

Two House members have requested interim studies that would examine Oklahoma’s revenue streams. 

The requests come after Gov. Mary Fallin and her top budget advisor, Secretary of Finance, Administration and Information Services Preston Doerflinger, who serves as the governor’s top budget advisor, began stressing in December the impact allocation of state revenues to specific purposes has on General Revenue Fund collections.

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Economy
12:46 pm
Tue June 3, 2014

Oklahoma Treasurer Says State Revenue Up In May

State Treasurer Ken Miller
Credit State of Oklahoma

Oklahoma's state treasurer says collections from the state's major revenue sources indicate the state's economy remains strong.

Treasurer Ken Miller released his office's revenue report for the month of May on Tuesday. It shows gross collections for the month are almost 2 percent ahead of the same month last year. Receipts for the past 12 months are more than 3 percent higher than the previous 12 months.

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Business and Economy
1:26 pm
Mon May 5, 2014

Miller: Kansas Downgrade Should Serve As A 'Wake-Up Call' To Oklahoma

Oklahoma Treasurer Ken Miller is warning state policymakers that a reduction in Kansas' bond rating should serve as a "wake-up call" that a potential downgrade could happen in Oklahoma, despite the state's growing economy.

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State Revenue
10:26 am
Wed April 16, 2014

Oklahoma Misses Collections Mark, Could Mean Additional Agency Cuts

Oklahoma Secretary of Finance Preston Doerflinger
Credit Oklahoma PCA / Flickr Creative Commons

Oklahoma's finance secretary says collections by the general revenue fund fell 9.1 percent below the official estimate in March.

Secretary of Finance Preston Doerflinger said Tuesday the state experienced another month of unusually low corporate income tax revenue. Doerflinger says that the decline followed a major increase in tax credit claims.

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Oklahoma Revenue
1:01 pm
Tue February 18, 2014

Oklahoma Legislature To Have $188 Million Less To Spend

Credit russavia / Creative Commons

State lawmakers will have even less revenue to appropriate this year for state services than initially projected, in large part due to volatile corporate income tax collections.

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State Capitol
1:23 pm
Tue February 11, 2014

Oklahoma Revenue Collections Improve In January

Credit KellyK / Flickr Creative Commons

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.

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.

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Oklahoma Revenue
12:04 pm
Wed January 15, 2014

Doerflinger: Revenues Below Estimate, Adequate To Avoid Spending Cuts

Secretary of Finance, Administration and Information Technology Preston Doerflinger said Tuesday General Revenue Fund collections for the first half of the fiscal year remain below the estimate, but adequate to avoid across-the-board spending cuts through the remainder of the year.

“At this time, total revenues are below the estimate but still adequate to make it through the current year without mandatory spending reductions,” Doerflinger said in a release.

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Business and Economy
8:40 am
Tue January 7, 2014

Treasurer: Oklahoma Economy Continues To Improve

State Treasurer Ken Miller
Credit State of Oklahoma

State finance officials say Oklahoma's economy is continuing to grow, but the pace appears to have slowed in 2013.

State Treasurer Ken Miller released figures on Monday that show overall gross collections to the state treasury in 2013 increased by 3.2 percent over the previous year.

Miller says all major sources of revenue saw improvement in 2013, although not as robust as growth during the previous few years.

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Business and Economy
6:22 pm
Wed December 18, 2013

Oklahoma Finance Officials Project Revenue Decline

Oklahoma Secretary of Finance Preston Doerflinger
Credit Oklahoma PCA / Flickr Creative Commons

Oklahoma’s top finance official says state agencies should prepare for reduced or flat budgets in the next fiscal year.

“It will be tight,” Secretary of Finance Preston Doerflinger said describing the prospects for the 2015 fiscal year budget.

Early estimates show the Legislature will have about $6.9 billion to appropriate for the fiscal year that begins July 1. That's about $273 million, or 3.8 percent, less than lawmakers spent on the current fiscal year.

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State Capitol
2:18 pm
Wed December 11, 2013

Oklahoma Revenue Collections Continue To Fall Short

Oklahoma Secretary of Finance Preston Doerflinger
Credit Oklahoma PCA / Flickr Creative Commons

Oklahoma finance officials say collections to the main operating fund used to pay for state government continue to trail the official estimate, a trend that could lead to budget cuts for state agencies if it continues.

Oklahoma's Secretary of Finance Preston Doerflinger released figures on Wednesday that show collections to the state's general revenue fund trail by nearly 8 percent the official estimate upon which the state budget is based. So far for the first five months of the current fiscal year, collections have trailed the official estimate by about 6.5 percent.

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