Alva Review-Courier -

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...



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