Alva Review-Courier -

Oklahoma revenue collections top estimate by 20 percent

 


OKLAHOMA CITY (AP) — State finance officials say collections to Oklahoma's main operating fund exceeded the monthly estimate by nearly 20 percent, a jump attributed largely to continued economic recovery.

The Office of Management and Enterprise Services reported Tuesday that collections to the General Revenue Fund in May totaled nearly $500 million, about $82 million more than expected.

OMES Director Denise Northrup says lower-than-expected corporate and personal income tax refunds are partially responsible for the spike.

The gross production tax on oil generated $34 million last month, n...



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