Total year-to-date collections at 6.5% above estimate
OKLAHOMA CITY — General Revenue Fund collections in May were $497.8 million and came in at $82.3 million, or 19.8 percent, above the monthly estimate. This amount is $109.7 million, or 28.3 percent, above collections in May of 2017. Total collections over the first 11 months of the fiscal year were $5.2 billion which is $317.9 million, or 6.5 percent, above the year-to-date estimate and $730.8 million, or 16.3 percent, over the year-to-date for 2017.
"The last time we exceeded the estimate by a similar amount was August of 2016, and that was due to anomalies in collections, " said Office of Management and Enterprise Services Director Denise Northrup. "Obviously, this is good news and I'm pleased to see a strong showing that can largely be attributed to the state's continued economic recovery."