Oklahoma’s General Revenue Fund collected approximately $1.1 billion in October, exceeding the monthly estimate by $362.7 million, or 50.7%.
Collections were also $382.8 million, or 55%, higher than October 2025. All revenue categories exceeded estimates, with notable gains in oil production taxes and individual income taxes.
Office of Management and Enterprise Services Director Mark Wood attributed part of the increase to income tax returns filed ahead of the October 15 extended deadline and higher energy prices.
“Year-to-date income tax collections were significantly up as a result of tax returns filed prior to the extended deadline on Oct. 15,” Wood said. “Additionally, gross production taxes exceeded estimates due to higher oil and gas prices.”
Through the first four months of fiscal year 2027, General Revenue Fund collections totaled $3.1 billion. That is $497.4 million, or 19.1%, above projections and $429.9 million, or 16.1%, ahead of the same period a year earlier.
The General Revenue Fund is state government’s main operating fund and the primary source for the Legislature’s annual appropriated budget.
Its collections reflect money available after refunds, rebates and required distributions. Those figures differ from the state treasurer’s gross collections reports, which include all revenue received by the Oklahoma Tax Commission.
