OKLAHOMA CITY (AP) — Oklahoma had file revenue collections in the course of the month of August, state Treasurer Randy McDaniel stated Thursday.
The state collected a one-month file $1.37 billion throughout August, led by $589.9 million in mixed gross sales and use tax collections that embrace out-of-state gross sales similar to web purchases.
The state obtained $362.6 million in mixed revenue and company tax collections and a file $205.6 million in gross manufacturing taxes on oil and pure fuel, in response to a news launch.
McDaniel stated the financial outlook for Oklahoma is optimistic, however warned that rising costs are worrisome.
“Inflation, while moderating from a few months ago, remains a concern. Even so, the fundamentals of our economy remain strong with low unemployment and rising personal income,” McDaniel stated.
The U.S. inflation rate, as measured by the Consumer Price Index, stood at 8.5% in July, the newest determine accessible.
The Oklahoma unemployment fee stood at 3% in July as reported by the Bureau of Labor Statistics, a rise from 2.9% in June.
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