Oklahoma City, OK – Collections of state sales taxes and gross production on natural gas showed a big jump in August.
The monthly state revenue report was released yesterday, showing total general revenue collections were up about 11 percent in August over the same month a year ago.
State Treasurer Scott Meacham said a 17 percent increase in sales taxes indicate Oklahoma's economy remains healthy, even during a national economic downturn.
Gross production taxes are up 69 percent over last year, reflecting higher natural gas prices.
The increase in the two tax categories more than made up for a 4.6 percent decline in total individual and corporate income taxes.