Oklahoma revenue down 3.8% amid coronavirus pandemic
January 8, 2021
OKLAHOMA CITY (AP) — Oklahoma revenue collections for the calendar year 2020 declined by 3.8% as the coronavirus pandemic swept the state, state Treasurer Randy McDaniel said Friday.
The state collected nearly $13.2 billion in taxes and fees for the year, $520.9 million less than the previous year.
"The state's economy declined in 2020," McDaniel said in a statement. "Hopefully, we will see improvement in the months ahead as the (coronavirus) vaccine becomes widely available."
December collections of $1.16 billion were 0.4% below December 2019, an improvement from the 2% decline in year-t...