The Norman Transcript

Editorials

December 6, 2012

Consumers drive a growing economy

NORMAN — Despite the dire warnings and non-stop talk-show hype, consumers seem to be marching to their own post-recession beats this holiday season.

Oklahoma Treasurer Ken Miller released figures this week that showed sales tax collections continue to climb. They were up 8.5 percent compared to a year earlier.

That number doesn’t include the “Black Friday” selling spree, since that would be reflected in December’s totals. Overall, tax revenues for the state dipped about one half of 1 percent compared to the same month last year.

Income tax collections and gross production taxes were down, but some of that could be related to the timing of filings.

Mr. Miller, in a news release, said there’s no reason to believe the state’s economy is cycling downward. Quite the opposite, he said. Tax receipts have grown nearly 5 percent over the past 2 months.

Total tax collections for November were $799.4 million, down $3.66 million from the same month in 2011. It’s too early to tell what impact the revenue will have on the state’s budget. Lawmakers will return to the capital in February, but revenue will be certified next month.

State Rep. Scott Martin, the new chair of the House Appropriations and Budget Committee, seems to be leaning toward another austere year. In his announcement press release, he seemed to be practicing saying “no” to various constituencies seeking state money.

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

1
Text Only | Photo Reprints
Editorials
  • State, local jobmarkets look up

    A tight labor market is often a big problem for economic development professionals. They need to be able to promise companies that there are willing workers in the community’s labor pool....

    July 26, 2014

  • Be careful out in the heat

    This week’s triple-digit temperatures are contributing to heat-related illnesses. The state health department’s Injury Prevention Service reminds Oklahomans of the symptoms of heat exhaustion and heat stroke....

    July 25, 2014

  • Get smart on crime

    It’s no secret that prison guards have become the frontline mental health case workers in Oklahoma prisons. Accessing mental health services outside of prison is tough but even harder behind the walls....

    July 25, 2014

  • Quite the resilient bunch

    The people of Moore are a resilient bunch. They’ve bounced back from tornadoes before, but the current renaissance may be the quickest yet. FEMA officials said it would take two years to see some sense of normalcy. That’s hardly the case....

    July 24, 2014

  • A fresh start for VA

    All of us have high hopes for the confirmation and success of Veterans Affairs Secretary nominee Robert McDonald. If confirmed — and most believe he’s a shoe-in — McDonald will take over a paralyzed system of health care that is not ...

    July 24, 2014

  • Call up National Guard

    We’re not sure it will help, but you have to hand it to Texas Gov. Rick Perry. He deployed up to 1,000 Texas National Guard troops to help secure his state’s border with Mexico this week....

    July 23, 2014

  • It’s only getting worse

    Conditions for children in Oklahoma were starting to look up for a few years, according to the annual Kids Count reports. Now we know it wasn’t getting better. The recession was impacting the rest of the country, dropping their scores....

    July 23, 2014

  • Noting a life well lived

    James Garner never intended to be a movie and television star. He just kind of lucked into it, he would tell those who asked. If you have the itch to act, get a good-paying job and spend your free time at your local community theater, he ...

    July 22, 2014

  • Recount that really matters

    Americans have been hearing a lot about Congressional elections, but there’s another one halfway around the globe that will matter far more....

    July 22, 2014

  • Runoffs get no respect

    The Aug. 26 Republican runoff election for the Cleveland County District 3 commissioner post is one of only 18 races on ballots around the state. Only two races are statewide — the Democrat contests for U.S. Senator nominee and state ...

    July 22, 2014