The Oklahoma State Treasurer's Office reports that July tax receipts for 2025 show steady economic growth.
According to State Treasurer Todd Russ, the recent report shows continued year-over-year growth in state tax collections, despite a modest 4.5% drop from the previous month. Total monthly receipts reached $1.4 billion, up more than 3% compared to July 2024, while collections so far in 2025 totaled nearly $17 billion, a slight increase over the prior year.
The report cited an increase in revenue from a variety of sources, including a 1.8% uptick from the sales and use taxes as well as a month-over-month increase of 41% in oil and gas taxes.
Russ stated that long-term economic indicators remain strong and that Oklahomans are working, producing, and spending in ways that continue to support a healthy economy.
