Entering the holiday season, all major revenue streams in November rose by at least double digits, pushing Oklahoma Gross Receipts to the Treasury up by almost one-fourth compared to the prior year, State Treasurer Randy McDaniel announced this week.

November gross receipts of $1.19 billion and 12-month receipts of $14.92 billion eclipsed collections from prior years. November receipts are up 22.9 percent, while 12-month receipts climbed 13.1 percent.

McDaniel said all near term indicators point to continued growth in the state economy.

“Strong sales are expected this holiday season,” McDaniel he said. “With less than three-percent unemployment and oil prices at a seven-year high, gross receipts paint a picture of a healthy state economy.”

Gross production tax collections on oil and gas were $115 million in November, up $74 million, or 180.6 percent compared to November of last year. It marks the fourth consecutive month of collections above $100 million and the eighth month in a row of more than 100 percent growth compared to the same month of the prior year.

November gross production receipts are from September oil field activity, when West Texas Intermediate Crude Oil at Cushing averaged $71.65 per barrel and Henry Hub natural gas averaged $5.16 per million BTU.

November income tax collections rose by 17.3 percent, sales and use tax receipts were up by 17.4 percent, and motor vehicle gross revenue climbed 16.8 percent.