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Overall Oklahoma Revenue Collections Continue to Fall

KWGS News File Photo

 

OKLAHOMA CITY (AP) — Overall collections to the Oklahoma treasury are continuing to slide as a downturn in the energy industry keeps sending ripples through the state's economy.

Oklahoma Treasurer Ken Miller reported Monday that for the seventh consecutive month, gross receipts to the state treasury trailed those from the same month a year ago.

Miller reported that overall gross receipts for the month of November totaled $830.8 million, which is almost 2 percent below collections from November 2014.

It's the 11th consecutive month that collections from oil and natural gas production taxes trailed those from the same month in the prior year.

Sales tax collections also were down, but income tax collections and motor vehicle tax collections both were up.