Jan. 15, 2019
GRF collections up over first half of fiscal year
OKLAHOMA CITY — General Revenue Fund collections in December were $620.6 million and came in at $50.2 million, or 8.8 percent, above the monthly estimate. This amount is $108.0 million, or 21.1 percent, above collections in December of 2017. Total collections over the first six months of the fiscal year are $145.6 million, or 4.9 percent, above the estimate to date and $442.1 million, or 15.8 percent, above prior year collections.
"It's a good sign we are on the positive side of the estimate this month," said Office of Management and Enterprise Services Acting Director John Budd. "But I think we should be mindful that this month's report does not yet reflect the effects of falling oil prices. The December collections reflect October production when oil was more than $70.00 per barrel."