General Revenue Fund collections in April were $529.1 million and came in at $416.2 million, or 44.0%, below the monthly estimate. This amount is $377.1 million, or 41.6%, below collections in April of 2019. Total GRF collections over the first 10 months of fiscal year 2020 were $486.8 million, or 8.5% below the estimate, and $388.5 million, or 6.9% below prior year collections for the same period.
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OMES Latest News
The Office of Management and Enterprise Services, in partnership with law enforcement and state and federal partners, is working around the clock to protect Oklahomans from fraud.
As the COVID-19 pandemic continues and a record number of Oklahomans file for unemployment, the Office of Management and Enterprise Services is doing what it does best, providing technology and human resources solutions to agencies that need it during this unprecedented time.
"Although we have yet to see the full impact of $20 per barrel oil, it is clear from dropping sales and use tax collections that our economy is beginning to feel the pain," said OMES Director Steve Harpe. "This compounded with COVID-19 'stay at home' requirements and extended IRS tax filing deadlines, we expect to see the greatest impact to collections over these last remaining months of fiscal year 2020 and into the upcoming fiscal year."