OKLAHOMA CITY (AP) — Oklahoma's top financial officer says the state's economy expanded in January.
State Treasurer Ken Miller said Thursday gross receipts entered new territory during the first month of 2015 with record highs in sales tax collections and total gross receipts than any January on record.
Sales tax collections generated almost $406 million — up by more than 7 percent from last year. Total gross collections during the month were $1.13 billion, topping the previous January high set last year by almost $66 million or 6.1 percent.
But Miller says the state's gross receipts fell short in other areas. Gross production taxes on oil and natural gas dropped by almost $8 million, or more than 12 percent, compared to the prior year. Personal income tax collections were down by about $3 million.