State revenue collections rise in November

OKLAHOMA CITY — State Treasurer Ken Miller announced that the November Gross Receipts to the Treasury are more than 12 percent higher than the same month of last year.

Oklahoma has had eight consecutive months with year-over-year growth.

The last time monthly gross receipts grew by more than 12 percent was in February 2012.

“Gross Receipts to the Treasury, insomuch as they indicate general economic activity, paint an encouraging picture as we enter the holiday period,” Miller said.

“Sales tax collections, a measure of consumer confidence, are up by double-digits and the bulk of holiday shopping including Black Friday is not yet measured with this report.”

The three other major revenue streams – gross income, gross production, and motor vehicle taxes – also increased during the month compared to November of last year.