Oklahoma's economic growth slowing, reports show

State Treasurer Ken Miller says Oklahoma's economic growth is at a more subdued pace.
BY MICHAEL MCNUTT mmcnutt@opubco.com Published: March 4, 2013
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Gross income tax collections, a combination of personal and corporate income taxes, generated $235 million, an increase of $3.2 million, or 1.4 percent, from the previous February. Sales tax collections, including remittances on behalf of cities and counties, totaled $333.2 million in February, which was $12.6 million, or 3.9 percent, above February 2012, Miller said.

Gross production taxes on oil and natural gas generated $63.2 million in February, a decrease of nearly $6 million, or 8.7 percent from last February. Compared with January reports, gross production collections are up by $5.1 million, or 8.8 percent.

Between March 2012 and February, gross revenue totals $11.1 billion, which is $213.8 million, or 2 percent, higher than collections from the previous 12-month period, Miller said.