OKLAHOMA CITY (AP) - State Treasurer Scott Meacham says state revenue collections improved slightly last month and are closer to
Oklahoma Tax Commission projections.
Preliminary reports show general revenue fund collections in January were $410.4 million. That is $82.4 million, or 16.7 percent, below the prior year and $107.6 million, or 20.8 percent, below estimates.
Meacham says the collections are enough to fund state agencies budgets for the month at the previously announced 10-percent reduction from appropriated levels. After allocations are made, $15.6 million will remain for use in future months.
Meacham says January's numbers are somewhat encouraging, even though they remain below prior year collections and the official estimate. Income tax and gross production tax collections both showed improvement for the month.