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Recent Trends Show State Budget Growth (Nov 09, 2012)

(ECapitol) - Lawmakers could have more money to spend during the 2013 legislative session if Oklahoma's General Revenue Fund collections follow the trend of the past 10 years, the Office of Management and Enterprise Services reported.

According to the office’s recently released State Budget Outlook Multi-Trend Analysis, General Revenue Fund collections from its five major sources -- individual income tax, corporate income tax, the gross production tax on natural gas, sales tax and motor vehicle tax – are projected to increase 6.7 percent, from the $5.0 billion estimate approved by the Board of Equalization in June to $5.4 billion, if the 10-year normalized trend continues.

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