State gen­eral rev­enue col­lec­tions meet ex­pec­ta­tions in Oc­to­ber

Tulsa World - - Our Lives - By Randy Kre­hbiel Randy Kre­hbiel 918-581-8365 randy.kre­hbiel @tul­saworld.com Twit­ter: @rkre­hbiel

OK­LA­HOMA CITY — Gen­eral rev­enue fund col­lec­tions in Oc­to­ber re­mained on track with pro­jec­tions and ahead of a year ago, the Of­fice of Man­age­ment and En­ter­prise Ser­vices said Tues­day.

Gen­eral rev­enue for the month was $436.4 mil­lion, or $2.5 mil­lion above pro­jec­tions.

Col­lec­tions for the first four months of fis­cal year 2018 are 0.6 per­cent above ex­pec­ta­tions.

But gen­eral rev­enue is 8.4 per­cent higher than for the same four months a year ago, prompt­ing some law­mak­ers to say they ex­pect the tight bud­get sit­u­a­tion of the past few years to al­le­vi­ate some­what.

Fi­nance Sec­re­tary Pre­ston Do­er­flinger warned against count­ing on such a respite.

“A rev­enue fail­ure does not seem to be in the fore­cast, but nei­ther does a healthy sur­plus, so main­tain­ing (cur­rent) lev­els of fund­ing to core ser­vices will re­quire con­tin­ued dis­cus­sion, co­op­er­a­tion and ef­fort,” Do­er­flinger said. “If the Leg­is­la­ture de­sires a dif­fer­ent path for­ward, I urge them to be­gin putting those plans to­gether now so they can be dis­cussed dur­ing the next reg­u­lar ses­sion.

“As we look ahead to the 2018 reg­u­lar ses­sion with a struc­tural deficit likely over $650 mil­lion, any­one who thinks we can some­how over­come that be­fore the De­cem­ber Board of Equal­iza­tion meet­ing is mis­taken. No one … should take their foot off the gas in look­ing for so­lu­tions to fund­ing core ser­vices.”

Per­haps the sin­gle largest boost to Ok­la­homa rev­enue was an ad­di­tional sales tax on au­to­mo­biles. It brought in $9.5 mil­lion in Oc­to­ber.

Other sales and use taxes were also up sig­nif­i­cantly, as were gross pro­duc­tion col­lec­tions and rev­enue from other sources.

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