OKLAHOMA CITY — Strong storms toppled trees and knocked out power at the Capitol this weekend but didn’t shut down the security of and access to important data housed with the Office of Management and Enterprise Services at its Information Services Data Center.
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Borrowing necessary to make monthly agency allocations
Website becomes more transparent and accessible
OKLAHOMA CITY — The State of Oklahoma officially launched today the new OKStateStat.ok.gov website, which looks beyond the numbers to align state dollars with Oklahoma’s priorities.
Standard & Poor’s Global Ratings has lowered Oklahoma’s various debt ratings one notch due to sustained weak revenue collections. S&P’s report can be viewed here https://go.usa.gov/xX3Dh.
State CIO comments on unification importance at House committee
OKLAHOMA CITY — State agencies are more efficient and better protected when information technology is unified under one umbrella, state Chief Information Officer Bo Reese told legislators today.
Caution needed as tax collections continue slide
Sales tax collections continue slide; receipts remain below yearly estimate
Collections fall 1.8 percent below estimate for the year
Previous month’s anomalies corrected as income, sales taxes miss estimate
OKLAHOMA CITY — With personal income tax and other revenue making a correction and sales tax continuing to decline, total General Revenue Fund (GRF) receipts were 12.4 percent below the September estimate.
Sales tax declines continue
OKLAHOMA CITY – Collection anomalies caused total General Revenue Fund (GRF) receipts to surge 31 percent above the estimate in August, while sales tax collections to the GRF continued a lengthy decline.
Declines persist, but are not as deep as recent months
OKLAHOMA CITY – Ongoing sales tax declines contributed to monthly General Revenue Fund (GRF) collections opening the new fiscal year below the estimate, albeit by a smaller margin than in recent months.
Midyear cut level reduction leaves $140.8M available for allocation
OKLAHOMA CITY – June General Revenue Fund (GRF) collections missed the estimate by 12.6 percent, causing total Fiscal Year 2016 collections to end the year $541.3 million, or 9.4 percent, short of the estimate.
Corporate income tax refunds again exceed collections
OKLAHOMA CITY — Tax incentives for wind producers again contributed to corporate income tax refunds exceeding monthly collections in May, further depleting General Revenue Fund (GRF) proceeds already weakened by the ongoing effects of low oil prices.