Quarterly Report Shows State Revenue Collections Up $116-Million
Tuesday, October 10th 2006, 3:37 pm
By: News On 6
OKLAHOMA CITY (AP) -- State revenue collections increased by $116-million during the first three months of the year and officials say that shows continued economic growth in Oklahoma.
The increase is nearly 8 percent more than during the first three months of the fiscal year last year and four percent higher and the official estimate.
State Treasurer Scott Meacham says the increase is in spite of lower than expected energy prices including the failure of the tax on natural gas to meet expectations. Meacham says the growth shows the Oklahoma economy is diversifying in areas other than energy.