Oklahoma Watches and Warnings

Oklahoma finance officials say collections top expectations

Downtown Oklahoma City, Oklahoma, is seen from the air, July 16, 2015. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

OKLAHOMA CITY – State finance officials say collections to Oklahoma’s main government operating fund exceeded the official estimate by 2 percent last month, another signal that the state’s economy is continuing to move in the right direction.

The Office of Management and Enterprise Services released figures on Tuesday that show collections to the state’s General Revenue Fund were $520 million in October. That’s about $10 million, or 2 percent, above the official estimate that’s used to build the budget for legislative appropriations.

Collections to the fund for the first four months of the fiscal year are about 1 percent above the estimate.

OMES Director Denis Northrup says there are good economic indicators, but she says it’s unlikely there will be significantly more money than expected for lawmakers to spend next year.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.