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Oklahoma revenue collection in February falls below estimate

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OKLAHOMA CITY (AP) - Oklahoma's revenue collections for February were $294.2 million, $2 million below the monthly estimate but $46 million more than was collected in February 2017.

State Office of Management and Services Director Denise Northrup said Tuesday that the state's economy is still recovering from several years of a downturn that led to budget shortfalls and funding cuts to state agencies.

Northrup said that while income tax collections were 444.3 million ad $19.3 million above estimates, other revenue categories collected $42.9 million that were $11.4 percent below projections.

Northrup said February is historically the lowest month for collections and she sees "steady progress" during the remainder of the fiscal year.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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