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Oklahoma finance officials say revenue collections top prior year, official estimate

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OKLAHOMA CITY — Oklahoma finance officials say collections to the state's main operating fund are increasing from last year in most major revenue categories and have exceeded the official estimate by more than 6 percent.

The Office of Management and Enterprise Services reported Tuesday that collections to the state's General Revenue Fund for the first quarter of the fiscal year totaled more than $1.3 billion, which is 6.1 percent above the official estimate. That amount also exceeded prior year collections by 9.4 percent.

The General Revenue Fund is the main operating fund for state government and is a key indicator of the state's financial condition.

Oklahoma Finance Secretary Preston Doerflinger (DOR'-fling-ur) says solid first quarter collections provide a "nice cushion for the rest of the year."

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