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Total GRF collections over the first seven months of fiscal year 2020 were $28.8 million, or 0.7%, below the estimate, and $60.8 million, or 1.6%, above prior year collections for the same period.

“Oklahoma is on track with the year-to-date figures, but we continue to see softness in the energy sector,” said Steven Harpe, director of the Office of Management and Enterprise Services. “We need to keep this in mind as we look to the rest of the year.”

General Revenue Fund collections in December 2019 totaled $631.8 million. This is $11.2 million, or 1.8%, above collections in December 2018. At the same time, this figure is $8.9 million, or 1.4%, below the monthly estimate. Total GRF collections over the first six months of fiscal year 2020 were $28.3 million, or 0.9%, above the estimate, and $65.6 million, or 2.1%, above prior year collections for the same period.

General Revenue Fund collections in November were $467.1 million and came in at $17.5 million, or 3.9%, above the monthly estimate. This amount is $35.0 million, or 7.0%, below collections in November of 2018. Total GRF collections over the first five months of fiscal year 2020 were $2,525.6 million, which is $37.2 million, or 1.5%, above the estimate, and $54.3 million, or 2.2%, above prior year collections for the same period.

General Revenue Fund collections in October were $553.1 million and came in at $26.1 million, or 5.0%, above the monthly estimate. This amount is $33.0 million, or 6.3%, above collections in October of 2018. Total GRF collections over the first four months of fiscal year 2020 were $19.7 million, or 1.0%, above the estimate, and $89.4 million, or 4.5%, above prior year collections for the same period.

Oklahoma made the list for its videoconferencing solution reducing time and cost for citizens and the Department of Human Services.

General Revenue Fund collections in September were $554.3 million and came in at $9.2 million, or 1.7%, above collections in September of 2018.

General Revenue Fund collections in August were $451.4 million and came in at $2.8 million, or 0.6%, above the monthly estimate. This amount is $3.2 million, or 0.7%, below collections in August of 2018. 

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.

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