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All Posts Tagged Tag: ‘Preston Doerflinger’

Exterior Capitol repair work launch in sight, officials say (access required)

By Marie Price Repair work on the crumbling exterior of Oklahoma’s near-century-old Capitol building could get underway by the end of this year, Office of Management and Enterprise Services Director Preston Doerflinger said Thursday.

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Oklahoma revenue: Wrapping up an odd year (access required)

By Marie Price With collections totaling $5.6 billion, the state’s General Revenue Fund ended FY 2014 with just $1.5 million more than was taken in the previous fiscal year, but missed the official estimate by 4.8 percent, state finance officials report.

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Officials working on more accurate state revenue forecasting process (access required)

By Marie Price State officials are taking the first steps in addressing a complex issue—looking into how the state forecasts revenue and how to improve its accuracy.

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Equalization Board makes $6.8 million funding cut to 66 state agencies to comply with AG opinion on OHLAP reduction (access required)

By Marie Price Some 66 state agencies funded with general revenue will share in about $6.8 million in appropriation reductions of about 0.12 percent each under an action taken Thursday by the State Equalization Board to follow an opinion issued by Attorney General Scott Pruitt.

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General Revenue Fund collections still below estimate (access required)

By Emily Summars General Revenue Fund collections continue to hit below the estimate. Fiscal year 2014’s year-to-date collections are 4.8 percent below the estimate, resulting in a $251.8 million shortfall.

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Doerflinger: Year-to-date general revenue squeaks into ‘no failure’ territory (access required)

The fiscal year does not end until June 30, but general revenue collections for April just barely made it to the level that helped the state avoid having to cut agency budgets.

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March general revenue drops more than 9 percent below estimate (access required)

March collections to the General Revenue Fund amounted to $412.8 million, which is 0.3 percent less than last March and 9.1 percent below the official estimate used to establish the state budget, according to data from the Office of Management and Enterprise Services.\

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Year-to-date general revenue collections now 4.8 percent below official estimate (access required)

Tax collections for the General Revenue Fund were 8.1 percent below projections in February and are 4.8 percent less than projections for the fiscal year to date, state finance Secretary Preston Doerflinger said Tuesday.

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New certification indicates wider revenue gap for FY 2015, but officials doubt bottom-line number’s accuracy (access required)

Looking at the revenue figures certified Tuesday by the State Equalization Board, it appears the legislature will have even less to spend this session than was estimated in December—a gap of $188.5 million rather than $170 million—or 2.6 percent below the current year.

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YTD general revenue collections 4.5 percent below projections, 0.2 percent below prior fiscal year (access required)

General Revenue Fund collections for the first seven months of FY 2014 were 4.5 percent below the official estimate and 0.2 percent below the same period the previous fiscal year, state Finance Secretary Preston Doerflinger said Tuesday.

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