Gross Receipts Show Slowdown in 2020

As the state endured a pandemic, high unemployment and an oil downturn, Gross Receipts to the Treasury show the Oklahoma economy pulled back by almost four percent during calendar year 2020, State Treasurer Randy McDaniel announced today.

Collections from all sources in calendar year 2020 reached $13.19 billion, down by $520.9 million, or 3.8 percent, from calendar year 2019. Gross receipts from December total $1.16 billion, below December receipts from a year ago by 4.8 million, or 0.4 percent.

“The state’s economy declined in 2020, but was bolstered by the resourcefulness of Oklahomans,” Treasurer McDaniel said. “The state has exceeded expectations during a year most of us would like to forget. Hopefully, we will see improvement in the months ahead as the vaccine becomes widely available.”

 

 

 

 

 

 

 

To read more please log in or subscribe to the digital edition https://etypeservices.com/The%20Canton%20TimesID209/

The Canton-Times

PO Box 664
Okeene, OK 73763
PH: (580) 886-2221
FAX: (877) 420-6331
cantonnews@trailmiller.com

Main Office
PH: (580) 822-4401
FAX: (877) 420-6331