Gross tax receipts reached a new high for the third consecutive month, Oklahoma State Treasurer Ken Miller said at a news conference Thursday.
The gross production tax collections of oil and natural gas topped the list, up by more than 31 percent from this time last year.
Gross collections for September were at $1.01 billion, up $19.52 million or 2 percent from one year ago, Miller said.
“The turnaround in gross production tax collections up over the prior year for the fifth month in a row — is most encouraging,” he said. “After 17 months of falling gross production numbers, it's good to see the positive trend and the effects it has on our state and businesses.”
According to the treasurer's monthly report, personal income and sales tax collections also were higher than in September of last year, and only corporate income and motor vehicle taxes dropped lower than the previous year.
Sales tax collections also were up from last September by $13.11 million, or 3.7 percent.
Miller also commented on the possible effect of the federal government shutdown, saying that while the fiscal impact cannot be determined now, it could hurt Oklahoma's economy.
“While Oklahoma's jobless rate held steady in August at 5.3 percent and our expansion continues, new threats to the recovery have emerged from Washington,” Miller said. “In the short run, the federal government shutdown will create inconveniences and nuisances. In the longer term, it could negatively impact the recovery by dampening demand and eroding confidence. And, it could inhibit the state's ability to deliver core services due to the loss of federal funding on shared program expenses.”
Concern over core services
Some of those core services include more than 40 Department of Human Services programs that are either fully or partially funded by federal dollars. Those programs include food stamps, nutrition assistance for the elderly and child care assistance.
DHS spokeswoman Sheree Powell said the department's programs are functioning normally now but could be affected if the shutdown continues.
“We believe we have enough funding on hand to make it through the end of October without the disruption of services,” she said. “But should this continue on past that point, we will be making contingency plans on how this is going to impact services.
“It would be very fair to say that we are all concerned. We are watching this situation very intently. We serve very vulnerable populations in Oklahoma, people who are elderly, people with disabilities, people who many times cannot help themselves.”
In the short run, the federal government shutdown will create inconveniences and nuisances. In the longer term, it could negatively impact the recovery by dampening demand and eroding confidence.”
State Treasurer Ken Miller,