February tax receipts for the State of Oklahoma show a moderating trend after hitting a peak at the end of 2025.
Tax revenues last month totaled $1.2 billion, showing a 22.5% drop from January, driven by a decrease in income taxes, sales and use taxes, and motor vehicle taxes. However, the 12-month tax revenue totals showed an overall increase of $363 million or just over 2% from a year ago.
Unemployment remains low across Oklahoma at 3.6%, a number that is well below the national rate of 4.4%. The Oklahoma business conditions index for February was 56.1, an increase of 5 points from January. The strong rise in that number indicates accelerating manufacturing momentum, suggesting demand and production are gaining in strength after a slow-down at the end of 2025.
State Treasurer Todd Russ said that the report reinforced Oklahoma's underlying fiscal stability.
