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    Home » General income slows, but still beats expectations
    General

    General income slows, but still beats expectations

    adminBy adminDecember 18, 2022No Comments5 Mins Read
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    National finance: Oklahoma’s General Revenue Fund deposits continued to beat expectations in November, but not as much as in recent months, the Administration and Business Services Department reported.

    The total for November was $602.6 million, 11.2% above budget but just 0.3% above the same month last year.

    “The November collection was strong, but it’s trending downward along with the broader economy,” John Suter, the state’s COO and interim head of OMES, said in a press release. . “It should be noted that prices have risen steadily and the unemployment rate has risen slightly as the Federal Reserve has been raising interest rates aggressively since February,” he said. There is,” he said.

    In the first five months of fiscal 2023, General Revenue has exceeded the projections on which the current state budget is based by nearly 25%.

    People are also reading…

    Income and sales taxes, the state’s two main sources of revenue, remained strong in November, but gross product tax revenue fell sharply as oil prices fell.

    The General Revenue Fund is the state’s primary operating account.

    Check Out The Latest Digital Exclusive Offers And Subscribe Now

    Christmas shopping: Governor Kevin Stitt’s administration has announced that state hospitals will receive $52 million from an additional hospital offset payment program known as SHOPP.

    SHOPP typically uses fees from state hospitals as a matching fund for federal Medicaid reimbursements. In this case, $8 million in state funding is being used to bring in $44 million in federal funding.

    Payments are distributed to hospitals based on Medicaid billing.

    Campaigns and Elections: Cherokee Nation Chief of Staff Chuck Hoskin Jr. announced last week that he is seeking a second term in the 2023 tribal elections.

    Statewide, the Oklahoma Election Commission’s mandatory post-general election audit found two minor discrepancies of one vote in each of the two precincts.

    The audit consisted of a manual recount of one race in 108 precincts in all 77 counties. By law, an audit cannot be used to change the final election results.

    Tulsa County audited District 93 results for the First District Council. No discrepancies found.

    The statewide disagreement consisted of one vote for corporate commissioner in Ocmulgee County and one vote for state Supreme Court retention in Johnston County.

    high school: State Rep. Randy Randleman (R-Eufaula) is the latest legislator to step into high school sports administration.

    Randleman said he would introduce legislation calling for a “more equitable system” to determine how schools are classified.

    Classification is determined by something called average daily membership, which is basically the number of registrations.

    “Historically, in basketball and football, far more private schools reach the quarterfinals, semifinals and finals than public schools,” Randleman said in a press release. “The purpose of this bill is to help organize a playoff system that is more individualized and fair for all students.”

    In 2022, the Oklahoma Secondary School Activities Association, a non-governmental organization, sponsored nine football championships in 11 and 8 football. Oklahoma City Heritage Hall and Tulsa Metro Christian were the only private schools to make it to the finals.

    In basketball, two of the 14 men’s finalists were from private schools. There were no 14 female finalists.

    But public schools have long complained that private schools are better off recruiting outside of designated attendance areas.Magnet schools and charter public schools further complicate the situation.

    Bottom line: The Oklahoma Department of Education reports that 80% of school districts in the state pay more than the legal minimum. … Cherokee Nation Secretary of State Tina Glory Johnson was named to the first Tribal Intergovernmental Advisory Committee for the U.S. Department of Housing and Urban Development. …State Senator Nathan Dahm, R- Broken Arrow introduced several bills that seek to block the enforcement of several federal laws and regulations in Oklahoma. …State Senator John Hast, R – Broken Arrow was appointed to the Oklahoma Commission on Opioid Abuse.

    — Randy Creviel, Tulsa World

    We asked each Tulsa World staff member to reflect on this year and share their thoughts on stories that stuck with them. Genie’s included issues facing education.



    Staff Writer Randy Krebier’s Most Memorable Stories of 2022

    Senator Jim Inhoff to announce retirement





    Senator Jim Inhoff to announce retirement

    U.S. Senator Jim Inhoff’s decision to retire after 56 years in public service This is my choice for this year’s story. Love him or hate him, some say it’s the same thing, but Inhofe had a huge impact on Tulsa and Oklahoma. He has served in Congress longer than anyone in the state’s history, and although he has not reached the leadership position of Karl Albert, he has made significant contributions to the country’s transportation, environmental, energy, and defense policies and capabilities. And his resignation has caused ripples in state politics that are likely to be felt for years to come.


    File photo of Tulsa World


    Senate nomination nears, but Marin sees no downside to sticking with Trump





    Senate nomination nears, but Marin sees no downside to sticking with Trump

    Election year: Former President Donald Trump may have held Republicans back, but not in Oklahoma – As Markwain Marin proved.


    Photo by STEPHEN PINGRY/Tulsa World


    Oklahoma primaries totaled $17.2 million in largely anonymous independent spending





    Oklahoma primaries totaled $17.2 million in largely anonymous independent spending

    So-called dark money has become a dominant feature About the political situation in Oklahoma. These are two of the many stories I have written on this subject.


    Photo by Mike Simmons/Tulsa World


    The Amazing Game That Changed Oklahoma College Football





    The Amazing Game That Changed Oklahoma College Football

    I have been writing sports for over 15 years. this was a chance Writing stories that I don’t do much anymore.


    Photo courtesy of: Osaka Continental Athletic


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    Check out the latest digital exclusive offers and subscribe now. Tulsaworld.com/subscribe


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