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Oklahoma Sales Tax Revenues Show Consumer Confidence

  • Feb 15, 2012 | Susan McLain

It looks like Oklahoma cities are not the only ones looking bright with sales tax revenues. With “…total collections to the General Revenue Fund through the first seven months of FY-2012 [at] $3,223.1 million,” Oklahoma State Finance Director Preston Doerflinger says, “consumer confidence appears to be high early in the second half of the 2012 fiscal year.” Of that amount, $165 million was due to sales tax collections, the main source of state funding in Oklahoma.

In discussing how this might affect government activities, Doerflinger feels, “…this seems like the perfect time to implement the governor’s tax-cut plan.” The Governor, Mary Fallin agrees, “I am encouraging legislators to see this as an opportunity, not to grow government or to spend more on government bureaucracy, but to pursue a bold plan to cut taxes and allow Oklahomans to keep more of their hard-earned money.”

Year-to-date collections for FY-2012 came to $1,056.7 million, nearly $100 million more than FY-2011’s $975.9 million. Collections also exceeded the amounts expected/estimated for this month as well as for year-to-date numbers.

As part of her tax reduction plan, Fallin says “…Oklahoma can continue to build on our recent economic successes by creating a tax climate more conducive to business growth, job creation and statewide prosperity.”

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Avalara Author
Susan McLain
Avalara Author Susan McLain
Susan McLain began her career as a technical writer in technology industries such as satellite networking and medical devices. Her skills encompass technical and marketing writing, usability engineering, verification and validation testing and protocol writing, requirements development, business analysis, technical illustration/graphic design and marketing. She has owned her own business providing service to small to medium sized business and in other positions, she has been in project management, documentation and marketing. She is currently the content specialist for Avalara helping to “make sales tax less taxing.”