Gross receipts to the Oklahoma Treasury of just more than $1 billion in March were up $6.4 million over the prior year, but officials warn the future is dim.
"This month marks the end of almost three years of economic growth," State Treasurer Randy McDaniel said in a statement. "I expect to see a much different picture emerge in the coming months."
Gross production taxes on oil and natural gas totaled $78.9 million in March, a decrease of $17.3 million, or 18%, from last March. Compared to February reports, gross production collections are down $6 million, or 7%