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Oklahoma’s Economy Still Moving in Right Direction

Filed by Michael Cross in Feature, Local News, News, Politics.
January 4, 2012

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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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