GRF collections 11.4% above monthly estimate, 5.5% above YTD estimate
OKLAHOMA CITY – General Revenue Fund collections in September totaled $774.4 million, which is $79.2 million, or 11.4%, above the monthly estimate. This is $74.7 million, or 8.8%, below collections in September 2022. Total GRF collections for the first three months of fiscal year 2024 are $2 billion, which is $103.2 million, or 5.5%, above the estimate and $181.7 million, or 8.4%, below prior year collections for the same period.
“September was a healthy month for the General Revenue Fund, bringing the year-to-date collections just over the estimate for the period,” said State Chief Operating Officer and OMES Executive Director John Suter. “As we continue forward from record-setting years of collections, this positive momentum versus the estimate for the year affirms our confidence in a stable Oklahoma economy.”
As state government’s main operating fund, the GRF is the key indicator of state government’s fiscal status and the predominant funding source for the annual appropriated state budget. GRF collections are revenues that remain for the appropriated state budget after rebates, refunds, other mandatory apportionments and after sales and use taxes are remitted back to municipalities. In contrast, gross collections, reported by the state treasurer, are all revenues remitted to the Oklahoma Tax Commission.
Media Contact
Christa Helfrey
christa.helfrey@omes.ok.gov
