Tax revenues for the State of Oklahoma in October are up.

 

That's the word from State Treasurer Todd Russ. October revenues icnreased 4.4% from October 2024. Much of the increase was driven by gains in sales and energy sectors. Sale tax revenue totaled $582 million with another $85 million coming from oil and gas taxes. So far this year, Oklahoma has collected just over $17 billion for state coffers.

 

Oklahoma’s unemployment rate remains low at 3.1%, compared to 4.3% nationally. Despite uncertainty surrounding the federal shutdown, the labor market has slowed in job gains. The Federal Reserve made its October rate cut using the latest available public and private sector data, aiming to support continued employment stability while keeping inflation in check.

 

Russ stated that steady revenues, responsible budgeting, and strong employment are helping keep Oklahoma on firm financial ground.

 

To view the complete October 2025 Tax Revenue Report, follow this link.