The first report of the new fiscal year shows the state’s main operating fund collected $515.7 million.
OKLAHOMA CITY — Oklahoma’s General Revenue Fund collected $515.7 million in July, falling $7.8 million, or 1.5%, below the official estimate for the first month of fiscal year 2027.
The fiscal year began July 1, making this the first monthly revenue report and providing too little data to establish a broader trend.
Collections were $92.8 million, or 15.3%, below July 2025. The Office of Management and Enterprise Services said the year-over-year comparison was affected by several timing and revenue distribution changes, including the absence of corporate income tax and oil gross production tax revenue from the fund during July.
A change enacted through Senate Bill 684 also moved the full Parental Choice Tax Credit payment to August instead of dividing it into two installments during the fiscal year, affecting the amount of personal income tax revenue available for the General Revenue Fund.
“July collections reflect known factors at the start of the fiscal year, not a broader revenue concern,” OMES Director Mark Wood said.
Sales tax collections totaled $202.3 million, 1.1% below the estimate but 3.5% higher than a year ago. Use tax collections reached $58.8 million, exceeding the estimate by 26.5% and increasing nearly 39% from July 2025.
Gross production tax collections from natural gas totaled $24.7 million, 28.4% below the estimate.
The General Revenue Fund is the primary source of money for Oklahoma’s annually appropriated state budget.
The OMES report primarily reflects the funded status of the state budget, as opposed to the monthly Gross Receipts to the Treasury report issued by the state treasurer’s office that indicates changing economic conditions.
