Oklahoma tax revenue picks up in September
BY MICHAEL McNUTT NewsOK.com
Tuesday, October 09, 2012
OKLAHOMA CITY - September collections for Oklahoma's main operating fund topped projections as well as receipts for the same month a year ago, state finance officials said Tuesday.
Three of the four major contributors to the state's general revenue fund — combined income, sales and motor vehicle taxes — showed growth in September, Finance Secretary Preston Doerflinger said. Gross production taxes on oil and natural gas continued to come in below projections.
“The Oklahoma economy has been on a roll the past two years, and this report indicates to me that our recovery from the recession is still ongoing,” he said.
Total collections to the state's general revenue fund for September were $541.9 million, up $15.6 million, or 3 percent, from a year ago. The amount collected for the month was $19.3 million, or 3.7 percent, higher than the estimate.
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