Alva Review-Courier -

Oklahoma treasurer: Revenue collections beginning to slow


January 5, 2020

OKLAHOMA CITY (AP) — Overall collections to the Oklahoma treasury are beginning to slow, fueled in large part by declining tax collections on oil and natural gas production, Oklahoma Treasurer Randy McDaniel announced on Monday.

Gross receipts during 2019 were nearly 6% more than during 2018, but collections began to slump toward the end of the year, McDaniel said in a statement.

"Recent economic trends appear to be primarily related to low oil and gas prices," McDaniel said. "We are seeing both a direct and spillover effect on some tax collections due to suppressed energy prices."

Tax co...

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