Tulsa World
by: BARBARA HOBEROCK World Capitol Bureau
Wednesday, July 06, 2011
7/6/2011 3:24:43 AM
OKLAHOMA CITY - Gross revenue collections for last month were up 15.5 percent from June 2010, state Treasurer Ken Miller said Tuesday.
The state's economy is expanding at an accelerating pace, he said.
"Now entering the third year of the cyclical expansion, Oklahoma's double-digit revenue growth last month shows our state's economy is clearly regaining its strength while the national economy continues its rather anemic growth," Miller said.
Every major revenue category shows growth, he said.
Collections for the last 12 months are up 8 percent, Miller said.
He attributed the state's rebound to the oil and natural gas industry.
"Certainly, we always look to the energy industry because so many of our jobs are directly or indirectly tied to the energy sector," Miller said. "With oil prices being what they have been, certainly that is good for employment in Oklahoma and I think you have to first look there."
Gross revenue collections for June were slightly more than $1 billion, or $134.5 million higher than June 2010... FULL ARTICLE
Posted on
Wed, July 6, 2011
by John Cox