After sluggish start, Okla. revenue trends up

After sluggish start to fiscal year, Oklahoma revenue collections in October climb

Associated Press

OKLAHOMA CITY (AP) -- Oklahoma finance officials say after a sluggish start to the fiscal year, collections to Oklahoma's general revenue fund increased in October by more than 2 percent compared to the same month last year.

Oklahoma Secretary of Finance Preston Doerflinger reported Tuesday that October collections totaled $448 million, an increase of 2.1 percent from October 2012 and just slightly below the official estimate.

As a result, Doerflinger says collections are "trending back in the right direction."

The state's general revenue fund is made up of nearly 70 revenue sources and is the main operating fund used to pay for state government.

For the first four months of the current fiscal year, collections to the fund are still 6.2 percent below the estimate used to write the current year's state budget.

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