OKLAHOMA CITY (AP) — With collections to the state's general revenue fund continuing to trail projections last month, Oklahoma's finance secretary is warning agency heads to prepare for flat or even reduced budgets next year.
Secretary of Finance Preston Doerflinger (DOR'-fling-ur) released figures Tuesday that show collections to the state's main operating fund for the first six months of the fiscal year trailed the official estimate by nearly 7 percent. Collections to the fund also trailed those from the same time last year by about 1.5 percent.
The general revenue fund is the primary source of revenue for the Legislature to appropriate. Although overall collections to the state treasury have been improving, collections to the fund have been declining because of an increasing percentage of revenue dedicated off the top for various purposes.