Daily Journal masthead

Oklahoma treasurer: Overall revenue collections continue to slide, driven by low oil prices

bug
Share/Save/Bookmark

OKLAHOMA CITY — State finance officials say overall collections to the state treasury declined again last month, driven mostly by lower collections from oil and natural gas production taxes.

Oklahoma Treasurer Ken Miller said Thursday that gross receipts to the state treasury in August were down 3.5 percent from collections during the same month last year. It is the fourth consecutive month in which collections trailed those from the same month in 2014.

Miller reported that collections from oil and gas production were down nearly 46 percent in August, which includes receipts from oil field activity in June when the per-barrel price of oil was about $20 higher. The impact of the lower oil prices in August will likely be seen in the coming months.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.