Oklahoma treasurer reports overall collections still strong

The Associated Press - March 9, 2019 8:41 am

OKLAHOMA CITY (AP) – Oklahoma’s new state treasurer says overall collections to the state treasury are continuing to increase, aided in part by a $50 million boost last month from a new package of tax increases.
Treasurer Randy McDaniel released figures on Friday that show total receipts in February were $971 million. That’s an increase of more than 10 percent from collections during the same month last year.
The figures show that the new tax hikes resulted in a boost of $33 million last month from oil and gas production, $10 million from cigarettes, and $7.1 million from motor fuel.
Despite lower oil and gas prices, McDaniel reported all major revenue streams last month showed higher collections than February 2018.

 

Latest Stories

Biden Welcomes Trump Back to Oval Office in Traditional Power Transfer Ceremony

WASHINGTON (TNND) — President-elect Donald Trump traveled to Washington, D.C. Wednesday to meet with President Joe Biden...

Wildcat Jazz-Cats Jazz Ensemble and the Bella Voce Take the Stage

Enjoy a night of incredible music on Thursday, November 14 at 7:00 PM at the Concert...

Oklahoma Bets on Bitcoin Boom, Muskogee Locals Worry About Noise From Crypto Mining

OKLAHOMA CITY, Okla. (KOKH) — Oklahoma lawmakers are betting on bitcoin to bring more jobs to the...