© 2024 KGOU
News and Music for Oklahoma
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Oklahoma Treasurer Says State Revenue Declines Again In June

Oklahoma Treasurer Ken Miller
Joe Wertz
/
StateImpact Oklahoma

Oklahoma's treasurer says low oil and natural gas prices helped push last month's state revenue below levels from a year earlier. 

Treasurer Ken Miller said Wednesday the state's gross receipts in June were less than collections from the prior year for the second consecutive month and the fourth time in the fiscal year that ended June 30.

Miller says the state's economy is feeling the downturn in energy prices. He says gross production numbers have been below prior year collections for six consecutive months and the state may be experiencing a corresponding decline into other revenue streams, including motor vehicle and sales tax collections.

Collections in June were 3.9 percent less than in June 2014. Collections from oil and gas production dropped more than 54 percent below the prior year.

KGOU produces journalism in the public interest, essential to an informed electorate. Help support informative, in-depth journalism with a donation online, or contactourMembership department.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.
More News
Support nonprofit, public service journalism you trust. Give now.