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GRF January collections slightly above monthly, YTD estimates

Wednesday, February 14, 2024

OKLAHOMA CITY – General Revenue Fund collections in January totaled $878.5 million, which is $8.2 million, or 0.9%, above the monthly estimate. This is $25.2 million, or 2.8%, below collections in January 2023. Total GRF collections for the first seven months of fiscal year 2024 are $4.9 billion, which is $204.2 million, or 4.3%, above the estimate and $226.6 million, or 4.4%, below prior year collections for the same period.

“Collections to the general revenue fund for the month performed in line with the estimate,” said State Chief Operating Officer and OMES Executive Director John Suter. “With year-to-date collections, I expect that performance will remain on track to achieve the estimate for the full fiscal year.”

Revenue tables are available on the OMES website.

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

Last Modified on Feb 14, 2024