Business and Economy
8:40 am
Tue January 7, 2014

Treasurer: Oklahoma Economy Continues To Improve

State Treasurer Ken Miller
Credit State of Oklahoma

State finance officials say Oklahoma's economy is continuing to grow, but the pace appears to have slowed in 2013.

State Treasurer Ken Miller released figures on Monday that show overall gross collections to the state treasury in 2013 increased by 3.2 percent over the previous year.

Miller says all major sources of revenue saw improvement in 2013, although not as robust as growth during the previous few years.

While Miller's figures calculate total receipts and suggest the state's economy is growing, those numbers don't necessarily reflect how much money the Legislature will have to appropriate to state agencies next year.

The latest figures on collections to the state's general fund suggest legislators will have about $170 million less to spend on the fiscal year that begins July 1.

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