Oklahoma City sales tax receipts slow in November, remain strong overall

Sales tax revenue in Oklahoma City failed to meet projections for November for the first time in nearly a year, falling short by less than 1 percent. But growth for the year remains well above estimates.
BY MICHAEL KIMBALL mkimball@opubco.com Modified: November 27, 2012 at 9:10 pm •  Published: November 28, 2012
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If the snapped winning streak and any other potential bumps in the road prove to be small, that could still be true. How the local economy responds after a slight slowdown can put the idea of transformative growth to the test.

“If this was just a little bit of a hiccup and we pick right back into that strong growth, then we really are in that transformative period,” Dowler said.

“It's really been an exceptional period. If it continues, then we know we're really kind of ratcheting up our growth to a new level than what we've experienced in the past.”

Overall, most economic indicators in Oklahoma have continued to be strong in recent months.

But despite the local signs, the state's economy still is at least somewhat at the mercy of larger issues like the looming fiscal cliff and European debt crisis.