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Tag Archives: revenue collections

Quick take: On track for another flat budget year

Yesterday’s announcement of General Revenue (GR) collections for October shows that the state is on track to bring in about the same amount as in FY 2012. Overall GR in October was $439 million. This is $30.9 million, or 7.6… Read more

Quick Take: New fiscal year off to mixed start

This week’s announcement of General Revenue (GR) collections for the first month of the new fiscal year (FY 2013) provided mixed news for both overall collections and the performance of particular major taxes. Overall GR in July was $382.7 million.… Read more

Stumbling revenue collections should signal caution

Over the past two years, Oklahoma’s revenue collections have been on a steady path to recovery. For the first nine months of FY 2012, collections to the General Revenue fund (GR) are up 22 percent compared to the same period… Read more

Revenue forecast confirms need for caution

On Tuesday, the Board of Equalization certified a preliminary estimate of the revenues available for next year’s budget. The numbers confirm that while the worst of the fiscal crisis is over, the state is experiencing a slow, incomplete recovery that… Read more

Quick Take: Despite growth, revenues still well below pre-downturn levels

For the eighteenth consecutive month since May 2010, General Revenue (GR) collections grew compared to the prior year. October GR was $24.3 million, or 6.3 percent, above collections in October 2010. All major taxes brought in more revenue than one… Read more

Up or down?

The Office of State Finance today released General Revenue collections for July, the first month of FY ’12. Total collections were $385.0 million, which was $14.9 million, or 4.0 percent above July 2010, and $17.0 million, or 4.6 percent, above… Read more

Revenue collections finish strong year – but still face a steep upward climb

State Finance Director Preston Doerflinger yesterday announced that June General Revenue (GR) collections came in $78.1 million, or 15.7 percent, above last year and $66.2 million, or 13.0 percent, above the official certified estimate. The June collections brought to an… Read more

Quick Take: Revenues rebounding but still way down from pre-downturn levels

This week, State Finance Director Preston Doerflinger announced General Revenue (GR) collections for May.  For the month, GR was $36 million, or 9.5 percent, above May 2010 and $25.4 million, or 6.5 percent, above the certified estimate. May collections would… Read more

Quick Take on the Economy: Income picks up steam, unemployment edges downward

The nation continues to show signs that it is emerging from the deep and prolonged economic recession that began in late 2007.  April’s edition of Numbers You Need, our monthly bulletin of key economic and budget trends, paints a mixed… Read more

Quick Take: March revenue collections

Yesterday, State Finance Director Preston Doerflinger announced that March General Revenue (GR) collections came in 9.3 percent above March 2010 and 10.5 percent above the certified estimate.  This marked the 11th straight month that GR showed improvement over the prior… Read more