State revenue growth expected to continue
Tuesday, January 4th 2000, 12:00 am
News On 6
(Oklahoma City-AP) -- Growth of more than four percent in Oklahoma's revenues is expected to continue. Russell Maile is a research economist for the Office of State Finance. Maile says employment growth in the state has been good but probably will slow a little. And Maile says despite a slight dip in personal income growth, economists expect that to rebound to a level just above five percent in the coming two years. That would put Oklahoma higher than the U-S average in the coming two years.
Maile says the 1999 dip in personal income could be due to the energy price collapse and the agriculture collapse. The current projection for the state's revenue fund for fiscal year 2000 which ends June 30th, is more than 4.3 billion dollars. That translates to 101.6 per cent of the original estimate.