- Associated Press - Wednesday, February 5, 2014

OKLAHOMA CITY (AP) - Oklahoma Treasurer Ken Miller says the state’s economy continued to improve last month and set several record highs for revenue collections.

Figures released by Miller on Wednesday show total gross collections to the state treasury last month totaled $1.07 billion, exceeding the previous January high set last year by more than $59 million.

Miller reported record highs also were set last month for sales tax collections and personal income tax withholding payments.

Still, the treasurer cautioned that although overall collections to the state treasury are up, that doesn’t translate to an increase in the state’s General Revenue Fund, the main operating fund for state government.

Collections to that fund have been reduced in part because of tax incentives and dedicated revenue for things like transportation and education.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide