Collections increased 6.1% over the latest 12-month period as manufacturing expanded, inflation moderated and unemployment edged higher.
OKLAHOMA CITY — Oklahoma tax revenue reached nearly $18 billion during the 12 months ending in August, an increase of more than $1 billion from the comparable period a year earlier.
The report tracks gross tax collections before refunds and other adjustments, making it a broad indicator of Oklahoma economic activity rather than a measure of money available for state spending.
The August tax revenue report released Tuesday by State Treasurer Todd Russ showed collections totaled $17.997 billion from September 2025 through August 2026.
That was $1.027 billion, or 6.1%, more than the $16.970 billion collected during the preceding 12-month period.
“August’s numbers show Oklahoma’s economy continuing to move in a positive direction,” Russ said.
August collections also increase
Revenue totaled $1.319 billion in August, up $47.2 million, or 3.7%, from August 2025.
The rolling 12-month revenue total has now increased for 12 consecutive months, carrying the growth trend through the summer and into the fall.
Other indicators show mixed picture
Oklahoma’s Business Conditions Index registered 60.2 in July, remaining above the 50-point level that separates expansion from contraction and indicating continued manufacturing growth.
The report listed Oklahoma’s unemployment rate at 4.3%, compared with 4.1% nationally. The Consumer Price Index showed annual inflation moderating to 3.4%.
“We’re also seeing some moderation in inflation, even as the labor market continues to cool,” Russ said. “Together, these indicators point to a stable economic environment as we move into the fall.”
