Oklahoma’s Economy Still Moving in Right Direction
Filed by Michael Cross in Feature, Local News, News, Politics.
January 4, 2012
Oklahoma’s economy continues to grow with December marking the 22nd consecutive month of growth.
December collections grew more than 11% above 2010 marking the fifth time in eight months that collections rose by double digits over the previous year.
State Treasurer Ken Miller says 12 month collections now stand $1.3 billion higher than the recession’s low point in February of 2010.
“Since we started our recovery about 68% of the revenue lost since our peak in December 2008 has been recovered.”
Miller says the state collections could return to pre-recessionary levels by the end of the year.
He also says Christmas shopping was strong from mid-November to mid-December at a rate 6.3% above 2010.
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