Oklahoma treasury collections surge compared to August 2020
September 3, 2021
OKLAHOMA CITY (AP) — Overall Oklahoma treasury collections last month exceeded August 2020 by nearly 20%, fueled largely by increased oil and gas production tax receipts, state Treasurer Randy McDaniel reported Friday.
Total monthly receipts in August were $1.17 billion, an increase of $191 million from August 2020, or 19.5%, McDaniel reported. Collections from oil and gas production taxes were up more than 150% from the same month last year. Collections from the individual income tax, sales and use tax and motor vehicle receipts also grew by double-digit percentages from the same time la...