Oil, gas losses lead to another slip in state’s gross receipts

OKLAHOMA CITY – Gross receipts to the state Treasury slipped by 4.6% in August, with oil and gas production taxes the primary driver, State Treasurer Randy McDaniel announced. August receipts from all sources totaled $979.5 million and were below collections from August 2019 by $47.3 million.

Gross receipts indicate slowing state economy

OKLAHOMA CITY – Gross receipts to the Oklahoma Treasury for calendar year 2019 “painted the picture of a sound but slowing state economy,” State Treasurer Randy McDaniel announced recently. Gross receipts during all of 2019 were 5.7% more than during 2018, but that growth rate was down from 13.