The Associated Press
OKLAHOMA CITY — State 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 (DOR’-fling-ur) 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.
Breaking news, severe weather alerts, AMBER alerts, sports scores from The Norman Transcript are available as text messages right to your phone or mobile device. You decide which type of alerts you want to receive. Find out more or to signup, click here.