Saturday, October 16, 2021
56.4 F
Fort Worth

Oklahoma revenue collections continue on downward slide but energy collections up

🕐 1 min read

OKLAHOMA CITY (AP) — Oklahoma finance officials say overall revenue collections to the state treasury are continuing on a downward slide.

Oklahoma Treasurer Ken Miller reported Friday that annual gross receipts to the treasury in 2016 shrank by 7.4 percent compared to the previous year.

Miller says gross receipts last month totaled $901 million, which is a decrease of more than $47 million, or 5 percent, from December 2015.

The one bright spot in Miller’s report is that collections from oil and natural gas production taxes increased slightly last month compared to the same month in 2015. The 4.4 percent increase is the third consecutive month that production taxes increased over the previous year.

But income, sales and motor vehicle taxes in December all trailed prior year collections.

Related Articles

970x250_DM_Leasing

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate