You are here

Monthly General Revenue Reports

Posted on Tuesday - May 15, 2018

All reporting categories indicate healthy growth in Oklahoma economy

OKLAHOMA CITY — General Revenue Fund collections in April were $764.3 million and came in at $93.8 million, or 14.0 percent, above the monthly estimate. This amount is $152.5 million, or 24.9 percent, above collections in April of 2017. Total collections over the first 10 months of the fiscal year were $4.7 billion which is $235.6 million, or 5.2 percent, above the year-to-date estimate and $621.0 million, or 15.1 percent, over the year-to-date for 2017.

Posted on Wednesday - April 11, 2018

Economic recovery continues at slow, steady pace

OKLAHOMA CITY — General Revenue Fund collections in March were $405.5 million and came in at $21.4 million, or 5.6 percent, above the monthly estimate. This amount is $53.5 million, or 15.2 percent, above collections in March of 2017. Total collections over the first nine months of the fiscal year were $4.0 billion which is $141.8 million, or 3.7 percent, above the year-to-date estimate and $468.5 million, or 13.4 percent, over the year-to-date for 2017.

Posted on Tuesday - March 13, 2018

Total year-to-date estimate slightly above at 3.5%

OKLAHOMA CITY — General Revenue Fund collections in February were $294.2 million and came in at $2.0 million, or 0.7 percent, below the monthly estimate. This amount is $46.2 million, or 18.6 percent, above collections in February of 2017. Total collections over the first eight months of the fiscal year were $3.6 billion which is $120.4 million, or 3.5 percent, above the year-to-date estimate and $415.0 million, or 13.2 percent, over the year-to-date for 2017.

"February collections are historically our lowest collection month, and as predicted, we came up short this month," said Office of Management and Enterprise Services Director Denise Northrup. "As we look forward to the remainder of the fiscal year, slow and steady progress should be expected."

Posted on Wednesday - February 14, 2018

First seven months of fiscal year only 3.9 percent above estimate

OKLAHOMA CITY — General Revenue Fund collections in January were $596 million and came in at $47.2 million, or 8.6 percent, above the monthly estimate. This amount is $90.8 million, or 18.0 percent, above collections in January of 2017. 

Total collections over the first seven months of the fiscal year were $3.3 billion which is $122 million, or 3.9 percent, above the year-to-date estimate and $369 million, or 12.7 percent, over the year-to-date for 2017.

Posted on Tuesday - January 9, 2018

Year-to-date shows small increase of only 2.9%

OKLAHOMA CITY — General Revenue Fund collections in December were $512.6 million and came in at $36.6 million, or 7.7 percent, above the monthly estimate. This amount is $93.1 million, or 22.2 percent above collections in December of 2016. Total collections over the first six months of the fiscal year were $2.7 billion which is $75.2 million, or 2.9 percent, above the year-to-date estimate and $278.1 million, or 11.6 percent, over the year-to-date for 2016.

Posted on Tuesday - December 12, 2017

Year-to-date comes in slightly above estimate at 1.8%

OKLAHOMA CITY — General Revenue Fund collections in November were $390.6 million and came in at $28.7 million, or 7.9 percent, above the monthly estimate. This amount is $48.2 million, or 14.1 percent above collections in November of 2016. Total collections over the first five months of the fiscal year were $2.2 billion which is $38.6 million, or 1.8 percent, above the year-to-date estimate and $185 million, or 9.4 percent, over the year-to-date for 2016.

Posted on Tuesday - November 14, 2017

No indication current trend to yield significant growth in next fiscal year

OKLAHOMA CITY — General Revenue Fund collections in October were $436.4 million and came $2.5 million, 0.6 percent, above the monthly estimate. Coincidentally, the year-to-date estimate also came in above by 0.6 percent. There was improvement in nearly every category from last year, as expected. 

Posted on Tuesday - October 10, 2017

Recovery continues to be slow, steady

OKLAHOMA CITY — General Revenue Fund collections in September were $505.1 million and came in flat when compared with the monthly estimate. However, collections to the GRF were $52.4 million, or 11.6 percent, higher than prior year collections for September. 

"I want to continue the drumbeat of urging caution to those who are advocating for optimism when analyzing these revenues. Nothing we are seeing right now indicates that there will be considerably more money for agency appropriations in February," said Secretary of Finance, Administration and Information Technology Preston L. Doerflinger.

Posted on Tuesday - August 15, 2017

Corporate income taxes again contribute nothing to GRF

OKLAHOMA CITY — General Revenue Fund (GRF) collections in July were equal to the monthly estimate, while outpacing the prior year collections by 10.7 percent for the first month of the fiscal year.

GRF collections in July totaled $411.4 million, which is equal to the official estimate upon which the fiscal year 2018 appropriated state budget was based and $39.8 million above prior year collections for the month. Collections from gross production taxes were the high performers, but collections from all other major sources lagged.

Posted on Thursday - July 20, 2017

Rainy Day borrowing repaid; money to be returned to agencies after cuts

OKLAHOMA CITY — With General Revenue Fund collections in June beating the monthly estimate, Fiscal Year 2017 GRF receipts fell $175.9 million, or 3.4 percent, short of the yearly estimate.

To close out the fiscal year, the remaining balance of $229 million due to various funds — including the Rainy Day Fund — was repaid as state law requires after June collections finished more than 3 percent above the monthly estimate.