Alva Review-Courier -

Oklahoma treasury takes in $150.5 million less in May

 


OKLAHOMA CITY (AP) — Oklahoma's treasury took in $150.5 million less this May when compared with the same month last year.

Treasurer Randy McDaniel said gross receipts to the treasury in May were $923.1 million, a 14.1% drop from last year amid the coronavirus pandemic. It follows a 30% drop in April, which McDaniel attributed to the postponement of the annual income tax deadline from April 15 to July 15, the Tulsa World reported.

"The Oklahoma economy, as reflected in state revenue collections, was significantly impacted by the pandemic during the month," McDaniel said in a news release...



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