OKLAHOMA CITY (July 7, 2026) – State Treasurer Todd Russ released the June 2026 State Tax Revenue Report, showing total monthly revenue of $1.6 billion, a 5.8% increase from June 2025. Over the last 12 months, Oklahoma revenues totaled $17.91 billion, up $989.9 million, or 5.9%, year-over-year, reflecting continued strength across key revenue sources and a stable fiscal outlook.
“June’s report reflects a balanced economic environment, with continued revenue growth, steady consumer activity, and stable employment supporting Oklahoma’s outlook,” said Treasurer Russ. “While some indicators reflect ongoing adjustments in inflation and business activity, the state’s diversified economy continues to demonstrate resilience as we move through 2026.”
Key Takeaways from the June 2026 Tax Revenue Report
Total Monthly Revenue: $1.6 billion, up $86.0 million or 5.8% year-over-year, reflecting broad-based gains across major revenue sources.
12-Month Total: $17.91 billion, up $989.9 million or 5.9% year-over-year, demonstrating continued strength in Oklahoma’s overall revenue base.
Rolling 12-Month Growth: June marked the tenth consecutive month of positive growth in Oklahoma’s rolling 12-month revenue total, with the annual growth rate at 0.48%.
Income Tax: $613.1 million, up $19.2 million or 3.2% from last year, with individual income tax increasing 5.5%.
Sales & Use Tax: $617.4 million, up $34.8 million or 6.0% year-over-year, reflecting continued consumer activity.
Gross Production Tax (oil & gas): $113.4 million, up $24.2 million or 27.2% from last year, supported by stronger energy revenues.
Motor Vehicle Tax: $89.4 million, up $8.1 million or 9.9% year-over-year, reflecting continued vehicle-related activity.
Other Sources: $129.1 million, down $0.3 million or 0.2% year-over-year, across a broad group of more than 70 revenue streams.
Revenue Trend and Economic Context
The rolling 12-month revenue trend continues to strengthen, marking the tenth consecutive month of positive growth. After a moderate pace in May, growth improved in June, with the 12-month ending revenue growth reaching 0.48% and extending a steady upward trend that began last fall. The continued expansion in the annual measure reflects stability across Oklahoma’s broader economy.
Economic indicators show a mixed but stable environment. Oklahoma’s Business Conditions Index rose to 52.5, returning above growth neutral and signaling a rebound in manufacturing activity as demand strengthened. While employment remains a weaker component, the improvement suggests manufacturers are seeing improved conditions heading into summer.
Oklahoma’s labor market remains steady, with unemployment at 4.1% compared to 4.3% nationally. Employment levels continue to hold, though job growth has moderated as broader economic conditions adjust.
Inflation remains the primary area to monitor. The Consumer Price Index reached 4.2%, with shelter, food, and energy continuing to contribute to higher household costs. While some categories have shown moderation, overall price pressures remain elevated.
“Oklahoma’s continued revenue growth reflects the strength of a diversified economy,” Treasurer Russ added. “Steady consumer activity, a recovering manufacturing sector, and continued energy production provide a strong foundation as we look ahead through the remainder of the year.”
The complete June 2026 Tax Revenue Report is available at treasurer.ok.gov, including breakdowns by tax category, sector, and month.