Alva Review-Courier -

Oklahoma treasurer reports slump in November collections


December 6, 2019

OKLAHOMA CITY (AP) — Overall collections to Oklahoma's state treasury in November were less than the same month last year, due in large part to declines in sales and oilfield tax payments, treasury officials said Thursday.

Oklahoma Treasurer Randy McDaniel said it's the first time since March 2017 that total collections were lower than the same month the prior year.

"Lower energy prices are having a significant influence on gross production tax receipts," McDaniel said.

Total collections in November were $989.7 million, which is about 4.2% less than November 2018.

Besides sales and gross...

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