© 2021 Public Radio Tulsa
800 South Tucker Drive
Tulsa, OK 74104
(918) 631-2577

A listener-supported service of The University of Tulsa
PRT Header Color
classical 88.7 | public radio 89.5
Play Live Radio
Next Up:
Available On Air Stations
Local & Regional

State Revenue Collections Resume Upward Climb

Ken Miller_0.jpg
State of Oklahoma-File photo
Ken Miller

OKLAHOMA CITY (AP) — 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.