Treasurer: Okla. revenue collections keep growing

By: From Wire Reports
By: From Wire Reports

OKLAHOMA CITY (AP) - Oklahoma Treasurer Ken Miller says overall collections to the state treasury continued to grow in May compared to the same time last year.

Miller reported Wednesday that total collections last month of nearly $884 million is a 2.9 percent increase over May 2012. That compares to an average month-over-month growth rate of 2.3 percent during the last 12 months.

Miller says Oklahoma's economy is showing continued improvement and that he is particularly encouraged by an increase in collections on oil and gas production taxes.

He added that he thinks the recovery and cleanup efforts from the recent tornadoes could ultimately provide a boost to the state's economy as people rebuild homes and replace vehicles and other personal items lost in the storms.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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