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October Revenues in Okla. Better Than 2009 Period (Nov 09, 2010)

OKLAHOMA CITY (AP) - State Treasurer Scott Meacham says Oklahoma's recovery from the recession is slow but steady.

Meacham announced Tuesday that revenue collections for October topped collections for the same period in 2009 and beat the estimate for the second straight month.

He says General Revenue Fund collections in October were $383.8 million, 2.5 percent above October 2009 and 3.7 percent above the estimate.

Some areas fared better than others. Meacham says low natural gas prices and increased refunds contributed to lower than estimated gross production tax collections. The gross production tax on natural gas yielded $22 million for the month, 7 percent below October 2009 and 38 percent below the estimate.

Motor vehicle taxes produced $13.1 million in October, 18.9 percent above the prior year and 8.8 percent above the estimate.

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