Oklahoma’s Economy Still Moving in Right Direction
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.