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Leaders promise healthy economy
Gov. Brad Henry assured Oklahomans on Thursday that the state’s economy remains strong while Wall Street continues to tumble.
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"Our banks are stable and strong,” Henry said. "They’re well capitalized. They’re lending money.”
The state’s housing market is stable and the state’s revenue collections are outpacing last year’s, he said.
State Treasurer Scott Meacham, asked Thursday by Henry to review Oklahoma’s financial interests, said state revenue collections through August are $74.2 million above estimates and $93.5 million above the prior year.
Preliminary September collections, which will be available next week, look good, he said.
Saving for a rainy day
The state’s savings account, the Rainy Day Fund, is full, with about $600 million, which is available in the event of a state funding emergency, Meacham said.
The state had 3,900 new jobs between April and May, he said, which ranked Oklahoma sixth in the nation in job growth, Meacham said.
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