General Revenue Fund finishes above official estimate for sixth consecutive year, providing final accounting of revenues available to support the state budget.
OKLAHOMA CITY — Oklahoma closed fiscal year 2026 with General Revenue Fund collections of $8.89 billion, finishing $612.1 million, or 7.4%, above the official estimate used to build the state budget, according to figures released Monday by the Office of Management and Enterprise Services. Collections also exceeded the previous fiscal year’s total by $142.4 million, or 1.6%.
The year-end report marks the sixth consecutive fiscal year that General Revenue Fund collections have exceeded the official estimate and the second consecutive year collections have surpassed the prior fiscal year’s total, according to OMES.
June collections totaled $991.3 million, ending the fiscal year $153.8 million, or 18.4%, above the monthly estimate and $44.8 million, or 4.7%, higher than 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,” OMES Director Mark Wood said in a statement. “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.”
Budget benchmark
The General Revenue Fund is the state’s primary operating fund and serves as the basis for legislative appropriations. The report measures the recurring revenues available to support the state budget after rebates, refunds, mandatory apportionments and the return of sales and use taxes to municipalities.
Among the state’s major revenue sources, net income tax collections finished 5.8% above the fiscal-year estimate, sales tax collections were 8.4% above forecast, gross production taxes exceeded estimates by 5.8%, and use tax collections came in 4.5% above projections.
Compared with fiscal year 2025, net income tax collections increased 2.0%, sales tax collections rose 1.6%, use tax collections climbed 9.6%, while gross production tax collections declined 2.3%.
The OMES report measures General Revenue Fund collections available for appropriations and differs from the State Treasurer’s monthly gross tax collections report, which tracks overall tax receipts before statutory distributions and other adjustments. The Treasurer’s report for July is expected later this month.
