Oklahoma treasurer reports overall collections slightly up - KSWO 7News | Breaking News, Weather and Sports

Oklahoma treasurer reports overall collections slightly up

OKLAHOMA CITY (AP) _ Overall collections to the state treasury improved slightly last month, but are still feeling the pinch of slumping oil and natural gas prices.

Oklahoma Treasurer Ken Miller reported Tuesday that monthly collections in April totaled $1.32 billion, exceeding last April's collections by less than 1 percent.

The biggest boost came from income tax collections, which were up by more than $53 million, or 8.2 percent, from last April.

But declining revenue from energy production continues to hamper state collections, with both production and prices dropping since last year.

Miller reported collections from oil and natural gas production dropped by more than 54 percent from the same month last year.

The treasurer also reported motor vehicle tax collections were down by more than 11 percent, while sales tax collections improved slightly.

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