From staff reports OKLAHOMA CITY – General Revenue Fund collections in December 2024 totaled $738.7 million, which was $24.5 million above the monthly estimate and $33.8 million more than collections in December 2023.
The first six months of fiscal year 2025 show total GRF collections to be $4 billion, which is $27.1 million above the estimate but $30.9 million below prior year collections for the same period.
“It’s encouraging to see overall collections are above estimates, even though some areas, like gross production tax revenue on oil and natural gas revenues, fell short,” said Rick Rose, state chief operating officer and director of the Office of Management and Enterprise Services.
“Shifts in consumer spending and the state grocery tax elimination are reflected in the latest data, but stronger-than-expected income tax and interest have helped balance the picture,” he said. “These collections are in line with the updated projections outlined by the state Board of Equalization, and we will revisit estimates during the next BOE meeting in February.”