Gross receipts to state treasury improve
Posted on: 12/13/17
While the Legislature’s failure to enact a revenue increase in the recent special session forced the Oklahoma Health Care Authority to cut provider rates by 6 percent in January, there is some good news about state revenues. State Treasurer
Ken Miller reports that November’s gross revenue was up more than 12 percent over November 2016. The last time monthly gross receipts grew by more than 12 percent was in February 2012. Gross receipt collections generally indicate which way General Revenue Fund collections will move. Some of the increase in gross receipts can be attributed to changes in law that passed in the 2017 legislative session yielding about $90.6 million in new gross revenue. For more details,
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(Lynne White)