Total year-to-date estimate slightly above at 3.5%
OKLAHOMA CITY — General Revenue Fund collections in February were $294.2 million and came in at $2.0 million, or 0.7 percent, below the monthly estimate. This amount is $46.2 million, or 18.6 percent, above collections in February of 2017. Total collections over the first eight months of the fiscal year were $3.6 billion which is $120.4 million, or 3.5 percent, above the year-to-date estimate and $415.0 million, or 13.2 percent, over the year-to-date for 2017.
"February collections are historically our lowest collection month, and as predicted, we came up short this month," said Office of Management and Enterprise Services Director Denise Northrup. "As we look forward to the remainder of the fiscal year, slow and steady progress should be expected."
Total income tax collections came in at $44.3 million, and were $19.5 million, or 78.6 percent, above the estimate. The other revenues category had collections of $42.9 million and were $11.4 million, or 20.9 percent, below the estimate mostly due to a transfer of $16.7 million to the Oklahoma Higher Learning Access Program (OHLAP).