State Revenue

While the debate in Washington, amid these dreaded days of "sequestration," is about whether to increase revenues or cut spending --- or somehow achieve a compromise that does both --- here in Oklahoma, the state legislature is (once again) looking to reduce tax revenues. This comes despite the fact that our state currently has a number of extremely pressing needs vis a vis education, DHS, corrections, and infrastructure --- as well as, of course, the long-term and likewise urgent problem of pension liabilities.

File photo

OKLAHOMA CITY (AP) — The Office of State Finance reports revenue collections for the first month of the 2013 fiscal year were up $6.4 million over last year and about $20 million above the official estimate.

Finance Secretary Preston Doerflinger  said Tuesday July collections totaled $389.1 million.