OK Growth Slowing, But Only Slightly
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 | Published: March 4, 2013
Oklahoma’s economy is continuing to grow but at a more subdued pace, state Treasurer Ken Miller said Monday.
“Our average growth rate between March 2011 and February 2012 topped 10 percent,” Miller said. “For the past 12 months, growth has averaged 2 percent.”
February gross collections were down by 2.4 percent, or almost $20 million, from February of last year, he said. Oklahoma’s two biggest sources of revenue, income tax and sales tax, both grew; income tax grew by 1.4 percent and sales tax by 3.9 percent.