Oklahoma Treasurer Says State Revenue Up In May
Oklahoma's state treasurer says collections from the state's major revenue sources indicate the state's economy remains strong.
Treasurer Ken Miller released his office's revenue report for the month of May on Tuesday. It shows gross collections for the month are almost 2 percent ahead of the same month last year. Receipts for the past 12 months are more than 3 percent higher than the previous 12 months.
“While we aren’t seeing the robust growth of the early recovery, we do see a picture of measured expansion ongoing for more than four years now," Miller said in a statement.
Miller says the revenue report indicates steady economic growth, especially in the oil and natural gas industry. He says the state's strong economy is reflected in its low unemployment rate.
Oklahoma's unemployment rate was 4.6 percent in April, compare with a national jobless rate of 6.3 percent. April unemployment in OklahomaCity was set at 3.8 percent, down from 4.8 percent in March.
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