State Officials Act On Lean Revenue Estimate - - Tulsa, OK - News, Weather, Video and Sports - |

State Officials Act On Lean Revenue Estimate

Posted: Updated:

OKLAHOMA CITY (AP) _ Oklahoma lawmakers will have only $32 million in growth revenue to spend next year under revenue estimates certified by a state board headed by Gov. Brad Henry.   The Board of Equalization's official estimate of next year's tax collections will be updated in February after the state Legislature reconvenes.

Henry and state Treasurer Scott Meacham said they are concerned that estimates certified on Thursday, may be optimistic, based on a recent slowdown in the rate of income tax collections.

Meacham said he would not be surprised if the estimate declines in February, meaning lawmakers will have even less to spend.

He said the economy remains strong, but is not growing as fast as it has in recent years.

The amount of money available for such programs as education and highways has been reduced by cuts in the income tax.

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.