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Okla. Treasurer: Economy Continues to Improve (Nov 03, 2011)

OKLAHOMA CITY (AP) - New figures on gross state revenue collections show Oklahoma's economy continues to improve and outpace collections from a year ago.

Figures released Thursday by state Treasurer Ken Miller show October collections were 7.4 percent higher than October 2010, which Miller says is proof that the state's economy is recovering from the recession.

Miller says income tax collections were up 12 percent over the same month last year and sales tax collections increased nearly 9 percent, both signs that point to consumer confidence.

Miller added that a slight increase in unemployment rates in September also is a good sign that more people without jobs are actively seeking work.

The figures released by Miller's office include collections beyond those to the state's general revenue fund, which is used to fund state government.

 



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