Revenue collections were up in July from a year ago, Oklahoma Treasurer Ken Miller said last week, though the string of double-digit increases from 2010 was broken.
Collections in July totaled $845 million, up $53.8 million from July 2010.
“July collections were up by 6.8% from July of last year and 14.4% above July 2009,” Miller said. “With year-over-year growth last month exceptionally strong at 15.5%, it is not surprising to see growth moderate some this month.”
Sales tax collections, a portion of which will be returned to cities and counties, totaled $330.9 million, up $18.8 million from July 2010.
The state personal and corporate income taxes generated $224.9 million last month, down $330,000 from July 2010.
In the past 12 months, Miller said, the state has collected $10.26 billion, up $734.7 million from the 12-month period that ended in July 2010.
The rolling 12-month total includes $3.73 billion of sales tax, $3.5 billion of income taxes, and $1 billion of oil and gas severance taxes.
