Alva Review-Courier -

Oklahoma revenue collections were 10% below estimate

 

August 14, 2020



OKLAHOMA CITY (AP) — Overall collections to the state's main operating fund for fiscal year 2020 were more than 10% below projections as the state's economy reeled from slumping energy prices and the economic impact of COVID-19, state finance officials reported on Thursday.

Total collections to the general revenue fund for the fiscal year that ended June 30 were $6.27 billion, which was 10.2% below the estimate, the Office of Management and Enterprise Services reported.

OMES Director Steven Harper also reported some good news on Thursday: The overall revenue shortfall for FY20 was about $...



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