Oklahoma treasury collections fall 5% in August amid oil dip

The Associated Press - September 5, 2020 11:46 am

OKLAHOMA CITY (AP) — Overall collections to the state treasury last month were nearly 5% below collections from August 2019.

State Treasurer Randy McDaniel’s report on Friday shows that August collections were the fifth month since February in which total receipts were lower than those of the year before. He says slumping oil and gas production tax revenues were the primary drivers in the dip with collections more than 46%, or $35 million, below last year’s.

 

Latest Stories

Over 80,000 Customers Regain Power as OG&E Continues Storm Repairs

OKLAHOMA CITY (KOKH) — As of 7 a.m. on Friday, more than 80,000 customers’ power has been...

Ryan Walters ‘Prepares’ Oklahoma Parents For New Policy Changes Under New Presidential Administration

OKLAHOMA – State Superintendent Ryan Walters notified Oklahoma parents and school superintendents about anticipated federal public education policy changes...

Presidential Transition Begins, Biden Addresses Nation

On Thursday President Joe Biden assured the nation there would be a peaceful and orderly transition...