Doerflinger: Receipts ‘Outperforming Expectations’
State revenue for January up 10 percent from year ago
BY BARBARA HOBEROCK World Capitol Bureau
Wednesday, February 13, 2013
OKLAHOMA CITY – Rising income tax receipts in January lifted collections for the general revenue fund to the highest monthly total so far this fiscal year.
January collections brought in $578.3 million, an increase of $53.4 million or 10.2 percent from the same month a year ago.
“Income tax collections are outperforming expectations by double digits through the first seven months of fiscal year 2013,” Finance Secretary Preston Doerflinger said Tuesday. “Sales taxes also are performing well.