Broad measure of Oklahoma’s economy increased 5.9% during fiscal 2026, reflecting growth in consumer spending, personal income and energy production.
OKLAHOMA CITY — Oklahoma’s Gross Receipts to the Treasury reached $17.9 billion during the fiscal year that ended June 30, climbing 5.9% from the previous year as growth continued across most major sectors of the state’s economy. The fiscal year concluded with the state’s 10th consecutive month of growth in the rolling 12-month Gross Receipts total.
State Treasurer Todd Russ reported Tuesday that Gross Receipts totaled $17.9 billion for the 12-month period ending June 30, an increase of $989.9 million over the previous fiscal year. The rolling 12-month measure has now increased each month since last fall, suggesting Oklahoma’s economy maintained steady momentum through much of the past year.
Taken together, the year’s revenue trends point to continued expansion across much of Oklahoma’s economy. Growth in personal income tax collections, consumer spending and energy production more than offset declines in corporate income tax receipts, while manufacturing returned to expansion territory heading into the summer.
Inflation remains an important part of the picture. Consumer prices nationally were 4.2% higher than a year earlier, continuing to increase costs for households and businesses. Higher prices also tend to boost nominal tax collections, making it important to distinguish between revenue growth and gains in purchasing power. Oklahoma’s unemployment rate remained relatively stable at 4.1%, slightly below the national rate.
The fiscal year totals help explain where that growth occurred.
Combined individual and corporate income tax collections reached $7.1 billion, an increase of 9.8% from the previous fiscal year. Individual income tax collections rose 12.5%, while corporate income tax collections declined 7.0%.
Combined sales and use tax collections totaled $7.1 billion, up 3.7% over the previous fiscal year. Gross production tax collections increased 14.0% to $1.2 billion, reflecting continued strength in the energy sector. Motor vehicle taxes rose 1.5% to $901.7 million, while collections from more than 70 other tax sources declined 3.4%.
June’s year-over-year results reflected similar trends.
Gross Receipts totaled about $1.6 billion during the month, an increase of $86.0 million, or 5.8%, compared with June 2025. Individual income tax collections increased 5.5%, sales and use taxes rose 6.0%, and gross production taxes climbed 27.2% from a year earlier. Corporate income tax collections, however, declined 4.3%.
The report also pointed to improving conditions in Oklahoma manufacturing. The Business Conditions Index rose to 52.5 in May, returning above the growth-neutral level of 50 after recent weakness. The index suggests manufacturing conditions improved heading into the summer, although employers remained cautious about hiring and supply chain pressures continued to affect the sector.
The Oklahoma State Treasurer’s Office has published the monthly Gross Receipts to the Treasury report since March 2011 as a broad indicator of statewide economic activity. Because it measures all money flowing into the state treasury—including taxes collected on behalf of cities and counties before those funds are distributed to local governments—it provides a broader picture of Oklahoma’s economy than budget-focused revenue reports.
The Office of Management and Enterprise Services also publishes a monthly General Revenue Fund report, which tracks the tax collections available to support state government operations and serves as the state’s primary measure of budget funding. Together, the two reports provide complementary views of Oklahoma’s fiscal condition and the broader state economy.
