Current Weather
The Spy FM

Energy Taxes Boosts August Revenue

Filed by Michael Cross in Local News, News, Politics.
September 4, 2013
 

Click here to download audio

The State Treasurer says Oklahoma revenue ended in positive territory for the month of August mostly because of energy collections.

Other collection categories didn’t fare so well.

While oil and gas production revenue increased by 41% over August of 2012, income and motor vehicle taxes fell and sales taxes increased by less than 2%.

State Treasurer Ken Miller says an increase in gas prices can eventually impact sales taxes as Oklahomans have less disposable income.

“It’s obviously a concern. I think at this price point it’s probably not because we’ve become use to this price point. Once it reaches the $4 mark consistently then we get concerned.”

AAA reports the average price of gasoline statewide rose 14 cents over the past three weeks to $3.54 a gallon.

Miller says tax collections over the past 12 months broke a new record at more than $11 billion.

 

Leave a Reply

12AM to 5AM The Spy

The Spy

An eclectic mix of the Spy's library of more than 10,000 songs curated by Ferris O'Brien.

Listen Live Now!

5AM to 9AM Morning Edition

Morning Edition

For more than two decades, NPR's Morning Edition has prepared listeners for the day ahead with two hours of up-to-the-minute news, background analysis, commentary, and coverage of arts and sports.

View the program guide!

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center