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Cash registers signal spending surge in Oklahoma

by The Oklahoman Editorial Board Published: January 20, 2013

Depressed gross production tax revenue was largely responsible for total general fund revenues dropping in December by 2.5 percent, despite record sales tax collections and the income tax gains. Taken as a whole, the latest numbers show Oklahoma's economy remains vibrant but not necessarily healthy enough — yet — to justify a significant personal income tax cut.

As was true a year ago, we urge caution in restructuring income tax rates.

by The Oklahoman Editorial Board
The Oklahoman Editorial Board consists of Gary Pierson, President and CEO of The Oklahoma Publishing Company; Christopher P. Reen, president and publisher of The Oklahoman; Kelly Dyer Fry, editor and vice president of news; Christy Gaylord...
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