Oklahoma recorded growth across all five major tax categories in September, while rising fuel prices and borrowing costs continued to pressure household budgets, according to State Treasurer Todd Russ’ latest Economic Outlook Report.
Income tax collections increased $101.1 million, or 15.5%, compared with September 2025. Sales and use tax revenue rose $71.4 million, or 12.8%.
“Oklahoma’s revenue performance continues to show growth across major tax sources, while manufacturing and energy activity remain important contributors to the state’s economy,” Russ said.
Gross production tax collections from oil and natural gas totaled $95.4 million, up 6.3% from a year earlier. Motor vehicle tax revenue increased 1.3%, while other tax sources grew 2.3%.
The report also showed expanding manufacturing activity. Oklahoma’s Business Conditions Index reached 55.4 in September, above the growth-neutral level of 50. Production and new orders grew, and manufacturing employment moved into expansion.
Higher oil prices and increased drilling supported the energy sector, but rising gasoline prices added to household expenses.
Nationally, consumer prices rose 3.7% over the previous year, according to the report. The average 30-year fixed mortgage rate reached 7.03% in September’s final week, adding to homebuying costs.
Oklahoma’s latest available unemployment rate was 4.3% in August. The state’s September figure had not been released when the report was prepared.
