Monthly Revenue Collections COmapred to Prior YearThe February revenue numbers are in and they are not good. The Treasurer’s office reported Tuesday that general revenue came in a whopping $103.9 million, or 30.4 percent below the certified estimate for February. In January, collections missed the estimate by $50.8 million. Collections for each major tax (individual income tax, corporate income tax, sales, gross production, and motor vehicle) came in below the monthly estimate and below collections for February 2008.

In two months, most of the surplus that had built up over the first six months of FY ’09 has vanished, although collections through February still remain $47.3 million, or 1.3 percent, above the certified estimate. With four months remaining in the fiscal year, the hope now becomes that revenue collections do not plummet below the amount appropriated in the current year budget. Because of the law restricting appropriations to 95 percent of the certified estimate, there is a $297 million cushion built into the budget before the state would face a current year revenue shortfall. Suddenly, that cushion is starting to look mighty soft.


Former Executive Director David Blatt joined OK Policy in 2008 and served as its Executive Director from 2010 to 2019. He previously served as Director of Public Policy for Community Action Project of Tulsa County and as a budget analyst for the Oklahoma State Senate. He has a Ph.D. in political science from Cornell University and a B.A. from the University of Alberta. David has been selected as Political Scientist of the Year by the Oklahoma Political Science Association, Local Social Justice Champion by the Dan Allen Center for Social Justice, and Public Citizen of the Year by the National Association of Social Workers.

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