Despite worldwide chaos, Oklahoma's economy is setting a positive example, state treasurer says.
NewsOK
BY MICHAEL MCNUTT mmcnutt@opubco.com
Published: November 4, 2011
Despite Europe's debt crisis and volatile markets, Oklahoma's economy continues to show improvement, state Treasurer Ken Miller said on Thursday.
“With yet another month of healthy collections, it appears Oklahoma's economy is hitting its stride,” Miller said.
October gross revenue collections were 7.4 percent higher than the same month a year ago, showing steady improvement in the state's economy, he said.
Gross collections during the past 12 months are up almost 9 percent compared with the previous 12-month period, he said.
Miller said gross revenue, a reflection of the state's economic performance, has grown for 20 consecutive months. Gross collections include all revenue collected by the Oklahoma Tax Collection. Money to fund state government goes into the state's general revenue fund after transfers are made to earmarked funds and certain collections are sent to cities and counties... FULL ARTICLE
Posted on
Fri, November 4, 2011
by John Cox