Oklahoma Treasurer Ken Miller says the
state’s total revenue collections are resuming their upward trend
despite the impact that low natural gas prices are having on state
finances.
Miller released figures on Wednesday that show total collections
for April were $1.16 billion, an increase of 7.7 percent over the
same month last year. He reported that every major source of
revenue was up over the same month a year ago, with the exception
of taxes on oil and natural gas production, which dropped by more
than 20 percent.
It is the fifth straight month that collections from the gross
production tax were below collections from the same month in the
prior year.
But Miller says he remains confident that other sources of
revenue will make up for decline in the price of natural gas.
