OKLAHOMA CITY  – Oklahoma State Treasurer Todd Russ announced the state’s tax revenue for March topped $1.31 billion, marking an 11.4% increase over the previous month. The report reflects widespread month-over-month growth across all major tax sources, a sign of resilience as the state’s economy adjusts to shifting national conditions.

“All tax sources for the state are up, leading to another month of growth in revenue while signaling resilience amid economic fluctuations,” said Treasurer Russ. “Oklahoma’s economy continues to navigate these shifts while the Fed maintains a tightened position.”

Monthly Highlights:

• Income Tax collections surged by nearly 25%, totaling $509.5 million.
• Gross Production Tax rose to $99.5 million, up 2.5%.
• Sales and Use Taxes grew by 2.4%, adding $12.2 million.
• Motor Vehicle Tax collections spiked by 27.1%, contributing $16.4 million more than the prior month.

What This Means for Oklahomans:

For households across the state, the uptick in monthly revenue indicates a healthy employment environment and increased earnings, especially with the state’s unemployment rate holding steady at 3.3%, below the national average of 4.1%. Manufacturing exports also rose 5.2%, further boosting confidence in Oklahoma’s business sector.

“Oklahomans can take heart knowing our state remains on stable footing,” said Treasurer Russ. “Despite national uncertainty, our economy is showing strength in key areas—growth in jobs, steady exports, and strong income tax revenue are all encouraging signs for families and communities across the state.”

Looking Ahead:

The Oklahoma Business Conditions Index declined slightly to 53.6, but still remains in expansion territory. As state agencies begin their budgetary planning for the upcoming year, the consistent revenue inflows—particularly from income and use taxes—provide a foundation for continued investment in public services and infrastructure.

For more information and to view the full report, visit treasurer.ok.gov.