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December 2022 GRF Exceeds Mid-year Estimates

Tuesday, January 24, 2023

Originally published Wednesday, Jan. 11, 2023

OKLAHOMA CITY —General Revenue Fund collections in December totaled $767.6 million, which is $78.3 million, or 11.4%, above the monthly estimate. This is $5.2 million, or 0.7%, below collections in December 2022. Total GRF collections for the first six months of fiscal year 2023 are $4.3 billion, which is $761.5 million, or 21.8%, above the estimate, and $493.4 million, or 13.1%, above prior year collections for the same period.

"Collections continue to show strength, with year-to-date collections consistent with our latest projections for fiscal year 2023," said state Chief Operating Officer and Interim OMES Director John Suter. "While we're seeing a flattening in monthly collections compared to December 2021, this is consistent with the broader economy, which is cooling off as inflation begins to ease."

Revenue tables are available on the OMES website.

Media Contact

Caden Cleveland

Last Modified on Jan 24, 2023
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