The Norman Transcript

December 11, 2013

Oklahoma revenues continue to drop

Tax collections below estimate by almost 8 percent


The Associated Press

OKLAHOMA CITY —

 Oklahoma finance officials say collections to the main operating fund used to pay for state government continue to trail the official estimate, a trend that could lead to budget cuts for state agencies if it continues.

Oklahoma’s Secretary of Finance Preston Doerflinger (DOR’-fling-ur) released figures on Wednesday that show collections to the state’s general revenue fund trail by nearly 8 percent the official estimate upon which the state budget is based. So far for the first five months of the current fiscal year, collections have trailed the official estimate by about 6.5 percent.

If collections continue to trail the estimate and a revenue shortfall occurs, Doerflinger could order cuts to agency budgets, but he says it’s too early to predict whether that will happen.