First seven months of fiscal year only 3.9 percent above estimate
OKLAHOMA CITY — General Revenue Fund collections in January were $596 million and came in at $47.2 million, or 8.6 percent, above the monthly estimate. This amount is $90.8 million, or 18.0 percent, above collections in January of 2017.
Total collections over the first seven months of the fiscal year were $3.3 billion which is $122 million, or 3.9 percent, above the year-to-date estimate and $369 million, or 12.7 percent, over the year-to-date for 2017.
"It is a good sign that we have been surpassing the estimate consistently for the past few months, but I'm not ready to declare that the state has totally recovered from the energy downturn," said Office of Management and Enterprise Services Director Denise Northrup. "I know others have been significantly more celebratory about recent returns, but we have a long way to make up from the multi-year downturns to show we are back on track."