Oklahoma tax collections increase
The Oklahoman Editorial, NewsOK
Published: July 18, 2010
REMEMBER when a new store or restaurant opening in Oklahoma City was cause for celebration? That was the situation in the 1980s, when the oil boom went bust, stores and restaurants were tanking, houses in older parts of the city were boarded up and Mark Singer wrote a book about a failed Oklahoma bank titled "Funny Money."
Thus, a store or restaurant opening — relatively insignificant at any other time — caused a collective sigh of relief.
The sigh of relief being heard today is over state revenue collections that are far short of great but far better than they could be. State Treasurer Scott Meacham, a bearer of bad news for months, has been singing happier tunes lately. He was whistling while he worked last week in releasing revenue figures for June and for fiscal 2010.
The biggest sigh of relief was coming not from Meacham but from agency heads hit month after month by budget cuts. The June and year-end figures show anemic growth but growth nevertheless, leading to a prediction that cuts in the near future won't be as severe... FULL ARTICLE
Posted on
Sun, July 18, 2010
by Crystal Drwenski