Oklahoma General Revenue Fund closes FY 2026 ahead of estimate, prior year
OKLAHOMA CITY – General Revenue Fund (GRF) collections for fiscal year 2026 totaled $8.9 billion, which is $612.1 million, or 7.4%, above the estimate for the year. This total is also $142.4 million, or 1.6%, above collections from FY 2025.
GRF collections in June were $991.3 million. This is $153.8 million, or 18.4%, above the monthly estimate and $44.8 million, or 4.7%, above collections from June 2025.
“The State of Oklahoma ended FY 2026 in a strong financial position, with General Revenue Fund collections finishing ahead of both estimates and last year’s level,” said OMES Director Mark Wood. “Exceeding prior-year collections for the second consecutive year and surpassing the full-year estimate for the sixth consecutive year reflects the strength of Oklahoma’s economy and the disciplined fiscal management that continues to guide our state.”
June 2026 revenue tables are available on the OMES website.
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| Fiscal Year | Dollar Amount (in $ millions) |
|---|---|
| FY 2016 | $5,205 |
| FY 2017 | $5,044 |
| FY 2018 | $5,854 |
| FY 2019 | $6,860 |
| FY 2020 | $6,273 |
| FY 2021 | $7,008 |
| FY 2022 | $8,520 |
| FY 2023 | $9,014 |
| FY 2024 | $8,446 |
| FY 2025 | $8,745 |
| FY 2026 | $8,888 |
FY 2026 actual collections by category vs. estimates and prior year
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| Categories | FY 2026 Estimate (in millions) |
FY 2026 Actual (in millions) |
Variance |
|---|---|---|---|
| Total Income Tax | $3,921.5 | $4,150.2 | + 5.8% |
| Gross Production | $639.9 | $677.2 | + 5.8% |
| Sales Tax | $2,151.6 | $2,333.1 | + 8.4% |
| Use Tax | $567.7 | $593.3 | + 4.5% |
| Other Sources | $995.1 | $1,133.9 | + 14.0% |
| Categories | FY 2025 Actual (in millions) |
FY 2026 Actual (in millions) |
Variance |
|---|---|---|---|
| Total Income Tax | $4,068.1 | $4,150.2 | + 2.0% |
| Gross Production | $693.0 | $677.2 | - 2.3% |
| Sales Tax | $2,296.3 | $2,333.1 | + 1.6% |
| Use Tax | $541.5 | $593.3 | + 9.6% |
| Other Sources | $1,146.6 | $1,133.9 | - 1.1% |
June 2026 actual collections by category vs. estimates and prior year
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| Categories | June 2026 Estimate (in millions) |
June 2026 Actual (in millions) |
Variance |
|---|---|---|---|
| Total Income Tax | $391.3 | $438.4 | + 12.1% |
| Gross Production | $71.0 | $82.3 | + 15.9% |
| Sales Tax | $189.1 | $209.4 | + 10.7% |
| Use Tax | $45.1 | $48.9 | + 8.4% |
| Other Sources | $141.0 | $212.2 | + 50.5% |
| Categories | June 2025 Actual (in millions) |
June 2026 Actual (in millions) |
Variance |
|---|---|---|---|
| Total Income Tax | $403.7 | $438.4 | + 8.6% |
| Gross Production | $103.5 | $82.3 | - 20.5% |
| Sales Tax | $206.9 | $209.4 | + 1.2% |
| Use Tax | $40.1 | $48.9 | + 22.2% |
| Other Sources | $192.4 | $212.2 | + 10.3% |
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 and 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.
About OMES
The Office of Management and Enterprise Services provides financial, property, purchasing, human resources and information technology services to all state agencies, and assists the Governor’s Office with budgetary policy matters. Our mission: Provide excellent service, expert guidance and continuous improvement in support of our partners’ goals. For more information, visit oklahoma.gov/omes.
Media Contact
Christa Helfrey
christa.helfrey@omes.ok.gov
