Oklahoma revenue continues growth, but warning signs ahead

News
Downtown okc
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

OKLAHOMA CITY – Oklahoma State Treasurer Randy McDaniel says April revenue to the state treasury shows continued growth in the state’s economy, but he says there are warning signs for the future.

McDaniel said Monday the state collected $1.6 billion, up $177.9 million, or 12.7%, from April 2018. Gross revenue totals $13.4 billion from the past 12 months. That is $1.5 billion, or 12.3%, more than from the previous 12 months.

The treasurer noted, though, that a monthly survey of business conditions shows a potential for economic contraction and a separate study that includes Oklahoma housing permits and initial unemployment claims should be watched closely.

McDaniel said revenue includes sales, personal and corporate income taxes; oil and gas production taxes; motor vehicle taxes; and taxes on fuel, tobacco, and alcoholic beverages.

Latest News

More News

National News

More National

Washington D.C.

More Washington DC

Your Local Election HQ

More Your Local Election HQ
graphic of the Red Cross

Latest News

More News

Popular

KFOR Podcasts

More Podcasts

Follow @KFOR on Twitter