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Hope floats: Future buoyancy gets serious examination

Hope floats: Future buoyancy gets serious examination

NewsOK

The Oklahoman Editorial    

Published: March 11, 2010

Tuesday’s state revenue report covering February collections fired a shot of hope across the bow of a listing ship of state. Is the tide starting to turn?

No one can say for sure, but having collections that exceeded estimates for the first time in more than a year is a buoyant moment. Unfortunately, exceeding an estimate is one thing. Exceeding last year’s collections is another. February receipts were off by $17.3 million from a year ago.

Interestingly, personal income tax receipts were significantly higher than the estimates. Gross production taxes also showed signs of strength... FULL ARTICLE

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