Alva Review-Courier -

Revenue collections to Oklahoma treasury continue to climb

 


OKLAHOMA CITY (AP) — Overall collections to the Oklahoma treasury continued to grow last month, marking the 26th consecutive month in which collections exceeded those from the same month a year prior.

Oklahoma Treasurer Randy McDaniel released figures Friday that show May receipts of $1.1 billion, an increase of more than 10% from May 2018.

Much of the revenue boost can be attributed to a package of tax hikes the Legislature approved last year, to increase teacher pay. McDaniel reported those taxes on fuel, cigarettes and energy production added nearly $60 million to last month's collecti...



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