
State General Revenue Fund (GRF) collections in March totaled $489.3 million, which is $16.4 million, or 3.5%, above the monthly estimate. This was only $5.3 million, or 1.1%, below collections in March of 2020. Total GRF collections through the first nine months of fiscal year 2021 are $4.8 billion, which is $27.5 million, or 0.6%, above the estimate, and $94.1 million, or 2%, above prior year collections for the same period. March tax and fee revenue collections exceeded estimates by 3.5% and were bolstered primarily by income taxes and natural gas tax collections. Year-to-date collections continue to track just above estimates at 0.6%. Sales tax and oil tax collections remain weak categories with sales tax falling below estimates for the last five months and oil collections missing estimates for all months in the fiscal year. “Oklahoma continues to exceed year-to-date collection estimates. As life starts to return to normal, post-pandemic, we hope to see this economic momentum continue forward,” said OMES Executive Director Steven Harpe. “These financial indicators show us Oklahoma’s recovery plan is on track and making great strides.”