Oklahoma treasurer: Collections up, but economy could slow

 

August 9, 2019



OKLAHOMA CITY (AP) — Oklahoma's treasurer says overall receipts to the state's treasury are continuing to rise, but he warns there are signs of a potential economic slowdown on the horizon.

State Treasurer Randy McDaniel released figures on Friday that show gross receipts to the treasury topped $1.1 billion in July, up nearly 10 percent from July last year. Overall collections for the last 12 months totaled nearly $13.7 billion, which is nearly 12 percent higher than the prior 12 months.

But McDaniel also reports tax receipts from the production of oil and gas are declining and sales tax colle...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024