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State Rolling in the dollars

Oklahoma State Treasurer Randy McDaniel says revenue collections in March were up nearly 23% from a year earlier, pushed by an expanding economy, rising wages and inflation.

McDaniel on Wednesday said the state collected $1.38 billion, an increase of nearly 23% compared to March 2021. Inflation, meanwhile, rose four-tenths of a percentage point from February to stand at 7.9%.

McDaniel said revenue from income taxes, sales and use taxes and the tax on oil and gas production each increased over one year ago levels.