State tax revenue outpaces amount brought in for same month a year ago, but still below collections before effects of the national recession three years ago.
NewsOK
BY MICHAEL MCNUTT mmcnutt@opubco.com
Published: March 15, 2011
State tax revenue continues to outpace expectations and the amount taken in the previous year, but still pales compared with three years ago before effects of the national recession were felt in Oklahoma, according to figures released Monday.
Sales tax revenue for February is up 10.9 percent compared with the same time period a year ago, and it's nearly 5 percent above the official estimate, according to figures released by the state finance office.
“We had double-digit growth again in sales tax receipts, compared with February a year ago, and it came when sales tax collections of other states trailed off,” state Finance Director Preston Doerflinger said.
Monthly state revenue collections have topped previous-year collections for 11 of the past 12 months... FULL ARTICLE
Posted on
Tue, March 15, 2011
by John Cox