Giving Thanks – ‘Accelerated Growth’ in Oklahoma with Gross Receipts up more than 10 percent
tax collections, including remittances on behalf of cities and
counties, total $384.1 million in October. That is $40.6 million, or
11.8 percent, more than October 2016.
production taxes on oil and natural gas generated $52 million in
October, an increase of $17 million, or 48.4 percent, from last
October. Compared to September reports, gross production collections
are up by $1.9 million, or 3.7 percent.
vehicle taxes produced $63.9 million, up by $5.9 million, or 10.2
percent, from the same month of last year.
collections, consisting of about 60 different sources including use
taxes, along with taxes on fuel, tobacco, and alcoholic beverages,
produced $156.8 million during the month. That is $17.6 million, or
12.6 percent, more than last October.
revenue totals $11.2 billion from the past 12 months. That is $377.8
million, or 3.5 percent, more than collections from the previous 12
income taxes generated $4 billion for the November 2016-October 2017
period, reflecting a decrease of $16.5 million, or 0.4 percent, from
the November 2015-October 2016 period.
income tax collections total $3.6 billion, up by $48.5 million, or
1.4 percent, from the prior 12 months. Corporate collections are
$397.6 million for the period, a decrease of $65 million, or 14
percent, over the previous period.
taxes for the period generated $4.4 billion, an increase of $135
million, or 3.2 percent, from the prior year.
and gas gross production tax collections brought in $501.7 million
during the past 12 months, up by $157 million, or 45.6 percent, from
the previous 12-month period.
vehicle collections total $762 million for the period. This is an
increase of $15.7 million, or 2.1 percent, from the trailing period.
sources generated $1.7 billion, up by $86.6 million, or 5.5 percent,
from the previous 12 months.
Gross Receipts to the Treasury
March 2011, the Office of the State Treasurer has issued the monthly
Gross Receipts to the Treasury report, which provides a timely and
broad view of the state’s macro economy.
is provided in conjunction with the General Revenue Fund allocation
report from the Office of Management and Enterprise Services (OMES),
which provides important information to state agencies for budgetary
General Revenue Fund receives less than half of the state’s gross
receipts with the remainder paid in rebates and refunds, remitted to
cities and counties, and placed into off-the-top earmarks to other
NOTE: This story is revised from its initial post last evening (Saturday), to include data left out to to an editing error.