State general revenue takes sharp drop in January

Tulsa World Randy Krehbiel

February 10, 2021 State general revenue receipts cratered in January, falling almost 16% below projections and the same month a year ago, the Office of Management and Enterprise Services said late Tuesday. The report comes one week before the state Board of Equalization certifies revenue for the Legislature’s Fiscal Year 2022 appropriations. General revenue accounts for almost all that total. Despite January’s $113.2 million shortfall, general revenue remains on track for the remainder of FY 2021, which ends June 30. General revenue for the first seven months of the current fiscal year is $3.9 billion, which is $9.2 million above projections and $77 million more than the same seven months a year ago.

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