Tulsa World
By World's Editorial Writers
Published: 12/7/20112:05 AM
Last Modified: 12/7/20114:33 AM
The Oklahoma economy appears to be heading into a happy holiday season, State Treasurer Ken Miller reported recently with the release of the state's monthly gross receipts report.
And while the economic news continues to be good, that could change in coming years if a contingent of state leaders gets its way and does away with the personal income tax. Miller's report graphically demonstrates just how important that revenue source is to preserving essential state functions.
Miller reported that November collections were 13.2 percent higher than the prior November.
Miller said gross revenue has grown for 21 consecutive months.
The revenue report does not reflect holiday shopping, and Miller said indications are that Oklahoma's economy will continue to outperform the national average.
The November report showed gross collections at $803.02 million, up $93.79 million or 13.2 percent from November of last year... FULL ARTICLE
Posted on
Wed, December 7, 2011
by John Cox