OKLAHOMA CITY (AP) — Oklahoma had report revenue collections through the month of August, state Treasurer Randy McDaniel stated Thursday.
The state collected a one-month report $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 comparable to web purchases.
The state acquired $362.6 million in mixed revenue and company tax collections and a report $205.6 million in gross manufacturing taxes on oil and pure gasoline, in accordance with 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 charge, as measured by the Consumer Price Index, stood at 8.5% in July, the most recent determine obtainable.
The Oklahoma unemployment charge stood at 3% in July as reported by the Bureau of Labor Statistics, a rise from 2.9% in June.
McDaniel stated complete collections for the 12-month interval starting in August 2021 got here to a report $16.8 billion.
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