Oklahoma tax revenues outpaced expectations in the first month of fiscal 2011, with $370.1 million in collections. The total is almost 10% better than July 2009 and almost 12% above the official state budget estimate.

"Collections in all major areas are above the same month of last year," said state Treasurer Scott Meacham. "As we begin the new fiscal year, the recovery of Oklahoma's economy is obviously underway.

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