You are here

Press Releases

FY 2020 First Month GR Collections Send Mixed Messages

The Office of Management and Enterprise Services approved premium rates for health, dental, life, disability and vision insurance products to be offered to state, education and many local government employees, retirees and dependents for 2020.

General Revenue Fund collections in June were $679.4 million and came in at $10.0 million, or 1.5%, below the monthly estimate. This amount is $52.5 million, or 8.4%, above collections in June of 2018. Total collections for the 2019 fiscal year were $6.86 billion and came in at $354.6 million, or 5.5%, above the 2019 fiscal year estimate and $1.0 billion, or 17.2%, above prior year collections.

General Revenue Fund collections in May were $573.9 million and came in at $5.0 million, or 0.9%, above the monthly estimate. This amount is $76.2 million, or 15.3%, above collections in May of 2018. Total collections over 11 months of the fiscal year are $364.6 million, or 6.3%, above the estimate to date and $953.0 million, or 18.2%, above prior year collections.

General Revenue Fund collections in April were $906.1 million and came in at $60.1 million, or 7.1 percent, above the monthly estimate. This amount is $141.8 million, or 18.6 percent, above collections in April of 2018. Total collections over the first 10 months of the fiscal year are $359.6 million, or 6.9 percent, above the estimate to date and $876.9 million, or 18.5 percent, above prior year collections.

Oklahoma COO and OMES Director John Budd has formed an advisory group to continue the push for improved efficiency, effectiveness and customer orientation in the state's technology service provider.

The group, made up of leaders from 10 different state agencies, will help OMES Information Services identify strategies and priorities that will help shape Oklahoma's technology future.  

OKLAHOMA CITY — General Revenue Fund collections in March were $508.9 million and came in at $31.8 million, or 6.7%, above the monthly estimate. This amount is $103.4 million, or 25.5%, above collections in March of 2018. Total collections over the first nine months of the fiscal year are $299.5 million, or 6.8%, above the estimate to date and $735.1 million, or 18.5%, above prior year collections.

OKLAHOMA CITY — General Revenue Fund collections in February were $385.2 million and came in at $64.0 million, or 19.9 percent, above the monthly estimate. This amount is $91.0 million, or 30.9 percent, above collections in February of 2018. Total collections over the first eight months of the fiscal year are $267.8 million, or 6.8 percent, above the estimate to date and $631.6 million, or 17.7 percent, above prior year collections.

The Board of Equalization, chaired by Governor J. Kevin Stitt, on Wednesday certified $8,249,071,274 in revenues for FY 2020 appropriations, which is $574.5 million, or 7.5 percent, more than was appropriated for FY 2019.This amount is $37.8 million, or 0.5 percent, less than the December estimate.

Feb. 12, 2019

Year-to-date collections continue to beat estimate

General Revenue Fund collections in January were $714.5 million and came in at $58.1 million, or 8.8 percent, above the monthly estimate. This amount is $118.5 million, or 19.9 percent, above collections in January of 2018. Total collections over the first seven months of the fiscal year are $203.7 million, or 5.7 percent, above the estimate to date and $540.6 million, or 16.6 percent, above prior year collections.

Pages