State revenue fund down - - Oklahoma City, OK - News, Weather, Video and Sports |

State revenue fund down

Posted: Updated:


State lawmakers and government officials say they will have less money this year than they originally thought because of declining revenue.

State Treasurer Scott Meacham says the state's general revenue fund was down about $38 million.

Corporate income tax attributed to the majority of the decline, but personal income tax and sales tax collections also fell. That puts the state nearly 5 percent below estimates used to build this year's budget.

The general revenue fund pays for most government functions.

Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.