Steve Lewis served as Speaker of the Oklahoma House of Representatives from 1989-1991. He currently practices law in Tulsa and represents clients at the Capitol.
According to State Treasurer Ken Miller, gross receipts to the state treasury during FY-18 were at an all-time high. Receipts for the 12 months ending June 30, 2018, were $12.18 billion, an increase of $1.2 billion, or 11% over FY-17 gross receipts. According to Treasurer Miller, last month marked the 15th consecutive month of positive growth in monthly gross receipts compared to the prior year. Interestingly, only $33.8 million of the increase in receipts are attributable to revenue measures passed by the legislature in the 2017 session. This year’s tax increases only began to be collected on July 1, so none of the FY-2018 increased revenue is attributable to the 2018 tax measures.
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