Recovery continues to be slow, steady
OKLAHOMA CITY — General Revenue Fund collections in September were $505.1 million and came in flat when compared with the monthly estimate. However, collections to the GRF were $52.4 million, or 11.6 percent, higher than prior year collections for September.
"I want to continue the drumbeat of urging caution to those who are advocating for optimism when analyzing these revenues. Nothing we are seeing right now indicates that there will be considerably more money for agency appropriations in February," said Secretary of Finance, Administration and Information Technology Preston L. Doerflinger.
Income tax receipts were up 11.1 percent for September, the driving factor being corporate income tax with a 44 percent increase over prior year's collections.