Liberal, KS

Now: 50 °F

Currently: Fair

Hi: 70 °F | Lo: 37 °F

Monday

Hi: 64 °F 

Lo: 33 °F

Tuesday

Hi: 71 °F 

Lo: 41 °F

Wednesday

Hi: 71 °F 

Lo: 33 °F

Thursday

Hi: 48 °F 

Lo: 25 °F

Friday

Hi: 60 °F 

Lo: 35 °F

Oklahoma Revenues On The Rise

KSCB News - February 12, 2013 2:22 pm

Oklahoma finance officials say collections to the state’s general revenue fund in January were the highest of the first seven months of the fiscal year, fueled mostly by a surge in income tax collections.

Figures released Tuesday by Finance Secretary Preston Doerflinger (DOR’-fling-ur) show collections to the general revenue fund last month totaled $578.3 million. That’s a 10 percent increase over January 2012.

Combined personal and corporate income taxes totaled $281.5 million, which is nearly 20 percent more than January 2012 and more than 20 percent above the official estimate.

Sales tax revenue also exceeded both prior year collections and the estimate.

A state panel will meet Feb. 19 to certify the final revenue estimate that lawmakers will use to write the Fiscal Year 2014 budget.

 

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