Oklahoma tax revenues rebounded in June after a seasonal May dip, with the latest monthly collections totaling $1.48 billion, a 15.1% increase over May and a 3.3% gain compared to June 2024.

 Total collections over the past 12 months reached $16.92 billion, a 0.2% increase over the previous 12-month period, indicating solid year-end momentum.

 The June 2025 Tax Revenue Report also showed that income tax collections grew by 44.6% month-over-month, totaling $593.9 million, as filing activity normalized after the post-season lull. Sales and use taxes grew 1.6% from May, totaling $582.6 million, and Oklahoma’s Business Conditions Index rose to 50.6, signaling steady economic expansion.

 Compared to the nation, Oklahoma’s unemployment rate is at 3.1%, with the national unemployment rate at 4.1% in June.

The complete June 2025 Tax Revenue Report is available here.