State revenue collections down - - Tulsa, OK - News, Weather, Video and Sports - |

State revenue collections down


OKLAHOMA CITY (AP) _ State revenue collections were down $14 million in June, compared with the same month a year ago, Office of State Finance officials said Tuesday.

Income taxes increased by $2.3 million, or 1.5 percent, while sales taxes were down $1.3 million, or 1.5 percent.

Natural gas tax collections declined by $17.2 million, or 43.2 percent.

Motor vehicle taxes increased $500,000, while there was a $1.7 million increase in the ``other revenue'' category, which includes tobacco and alcohol taxes and investment interest.

The failure of tax collections to meet expectations forced officials to reduce allocations to state agencies in June by 16.8 percent.

The fiscal year ends June 30.
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.