April GRF receipts nearly 13% below monthly estimate

Uncertainty remains for this and next fiscal year

April GRF receipts nearly 13% below monthly estimate

OKLAHOMA CITY — General Revenue Fund collections in April missed the official monthly estimate by 12.9 percent and were 4.4 percent below the estimate for the fiscal year, leading to more uncertainty regarding deeper reductions to state agencies as the Legislature stalls with budget proposals.

ODOT looking at suspending construction work; commission defers award on new highway contracts due to funding concerns

ODOT looking at suspending construction work; commission defers award on new highway contracts due to funding concerns

At its Monday, May 1 meeting, the Oklahoma Transportation Commission took unprecedented action on new construction projects due to the ongoing state budget crisis. The Oklahoma Department of Transportation also updated commissioners on proposals being considered by the legislature that would affect transportation funding and the impacts to construction already underway. 

March GRF receipts 9% below estimate; State to borrow more money

Borrowing necessary to make monthly agency allocations

March GRF receipts 9% below estimate; State to borrow more money

OKLAHOMA CITY — General Revenue Fund (GRF) collections in March missed the official monthly estimate by 9 percent and are 2.8 percent below the estimate for the first three quarters of the fiscal year. Total GRF collections of $352.1 million in March will be short of the amount needed to make agency monthly allocations. About $31 […]

City Hall approved for new flooring; CIP money to fund project

This photo shows holes in the flooring inside the council chambers. This is one example of several tripping hazards identified by City staff.

City Hall approved for new flooring; CIP money to fund project

The Guthrie city council unanimously approved for City staff to solicit bids for the replacement of flooring on all three floors of the building, which includes the police department. The estimated cost is approximately $45,000 and will be paid with monies from the approved sales tax program (Capital Improvement Projects). “This is a safety issue,” […]

OMES: February GRF receipts above estimate

February GRF receipts above estimate

OMES: February GRF receipts above estimate

OKLAHOMA CITY — A change in the payment date for a higher education scholarship fund has caused total General Revenue Fund receipts to appear artificially higher than expected at 8.3 percent above the estimate for February as corporate income tax collections remain unpredictable.