Revenue up 150 million dollars in first quarter

Wednesday, October 15th 2003, 12:00 am
By: News On 6

(Oklahoma City-AP) -- State tax collections increased by more than 15 percent during the first quarter of the fiscal year, but a state official is warning that the economy is still fragile.

The state collected one-point-one (b) billion dollars in taxes during the three months ending September 30th. That's an increase of 15-point-two percent over one year ago.

Office of State Finance director Scott Meacham says it appears Oklahoma's economy is starting to recover. But Meacham says a negative shock could slow or even reverse the recovery.