State's Economy Rises Above The Chaos
From The Treasurer's Office ~ In spite of external threats, volatile markets and global instability, Oklahoma’s economy is rising above the chaos, State Treasurer Ken Miller said today as he released the state’s monthly gross receipts report.
“With yet another month of healthy collections, it appears Oklahoma’s economy is hitting its stride,” Miller said.
October collections were 7.4 percent higher than in October of last year, showing steady improvement in the state’s economy. Collections over the past 12 months are up almost nine percent from the previous 12 months.
Miller said gross revenue, a reflection of the state’s economic performance, has grown for 20 consecutive months.
“We have regained almost 60 percent of the revenue that disappeared during the recession,” he said. “We saw a more than $1.9 billion drop in 12-month receipts between December 2008 and February 2010. Since then, we have seen an increase of more than $1.1 billion.”