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Press Releases

Dec. 11, 2018

Lagging oil prices not expected to hit GRF until January

OKLAHOMA CITY — General Revenue Fund collections in November were $502.2 million and came in at $75.0 million, or 17.5 percent, above the monthly estimate. This amount is $111.5 million, or 28.6 percent, above collections in November of 2017, which is mostly due to law changes that took effect this year. Total collections over the first five months of the fiscal year are $95.4 million, or 4.0 percent, above the estimate to date and $314.1 million, or 14.6 percent, above prior year collections. 

"Regarding GPT, the lag between production and collections is usually about two months and the November collections reflect prices from September when West Texas Intermediate Crude Oil (WTI) prices averaged $70 per barrel,"  said Office of Management and Enterprise Services Director Denise Northrup. "So the returns we are looking at for this month aren't reflecting the falling oil prices we are seeing right now."

Oct. 9, 2018 

Year-to-date returns for first quarter almost equal to estimate 

OKLAHOMA CITY — General Revenue Fund collections in September were $545.1 million and came in at $8.2 million, or 1.5 percent, below the monthly estimate. This amount is $40.1 million, or 7.9 percent, above collections in September of 2017. 

"The first quarter year-to-date numbers are running essentially flat at 0.7 percent above estimate. Additionally, strong gross revenue performance should not overshadow the fact that the FY 2019 budget was built on these estimates that we are currently matching," stated Northrup. "Simply put, the numbers we are seeing are not currently indicating FY 2019 will produce a windfall." 

Sales tax collections, while well below prior year, are in line with the estimate because of the anticipated transfer to the Oklahoma Department of Transportation per HB 3712, which temporarily redirected allocations totaling $29 million to the State Highway and Construction Maintenance Fund and the Oklahoma Railroad Maintenance Revolving Fund. The temporarily redirected allocations will conclude next month. 

Sept. 11, 2018

Two major reporting categories still missing monthly estimate

OKLAHOMA CITY General Revenue Fund collections in August were $454.6 million and came in at $28.2 million, or 6.6 percent, above the monthly estimate. This amount is $40.9 million, or 9.9 percent, above collections in August of 2017.

Aug. 14, 2018

First month's collections for FY 2019 leave room for improvement

OKLAHOMA CITY — General Revenue Fund collections in July were $449.1 million and came in at $9.6 million, or 2.1 percent, below the monthly estimate. This amount is $37.8 million, or 9.2 percent, above collections in July of 2017. 

"Historically, July isn't the strongest month for collections, but we expected to make the estimate," said Office of Management and Enterprise Services Director Denise Northrup. "While I'm not overly concerned by the July receipts, there are still some hurdles that we need to clear before we see numbers that are in line with where we were before the economic downturn."

June collections come in just over 11% above estimate

OKLAHOMA CITY — General Revenue Fund (GRF) collections in June were $626.9 million and came in at $63.7 million, or 11.3 percent, above the monthly estimate. This amount is $79.2 million, or 14.5 percent, above collections in June of 2017. Total collections during the 2018 fiscal year were $5.9 billion which is $381.6 million, or 7 percent, above the estimate and $810 million, or 16.1 percent, over the estimate for 2017.

July 31, 2018

OKLAHOMA CITY - The Office of Management and Enterprise Services has released a report on the calculations of averted costs to the State of Oklahoma from the implementation of State Question 781 which was passed by the state's citizens in November of 2016, along with State Question 780, more commonly known as the "Oklahoma Smart Justice Reform Act."

Total year-to-date collections at 6.5% above estimate

OKLAHOMA CITY — General Revenue Fund collections in May were $497.8 million and came in at $82.3 million, or 19.8 percent, above the monthly estimate. This amount is $109.7 million, or 28.3 percent, above collections in May of 2017. Total collections over the first 11 months of the fiscal year were $5.2 billion which is $317.9 million, or 6.5 percent, above the year-to-date estimate and $730.8 million, or 16.3 percent, over the year-to-date for 2017.

"The last time we exceeded the estimate by a similar amount was August of 2016, and that was due to anomalies in collections, " said Office of Management and Enterprise Services Director Denise Northrup. "Obviously, this is good news and I'm pleased to see a strong showing that can largely be attributed to the state's continued economic recovery."

May 18, 2018

Oklahoma City - Office of Management and Enterprise Services Director Denise Northrup responds to the findings of Multi-County Grand Jury and Oklahoma Office of the State Auditor and Inspector's investigation into the Oklahoma State Department of Health (OSDH). 

"After taking time to review the investigative report, I'm pleased to see that the recommendations made by the grand jury and the auditors' office mirror the recommendations OMES offered to both the Legislature and OSDH starting in January of 2018," Northrup said. "We are currently working with Oklahoma State Department of Health's (OSDH) staff to aid the agency in whatever way is necessary with our broad array of support services related to budget, finance, technology, purchasing and human resources training."

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.

"April income tax returns certainly drove collections to surpass the estimate, but all reporting categories came in above estimates which is a positive sign," said Office of Management and Enterprise Services Director Denise Northrup. "Looking toward FY 2019 we should be in a better position than we were last year going into FY 2018."

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