The Oklahoma State Treasurer’s Office releases the March 2026 State Tax Revenue Report, showing increases not only for last month, but the year as well.

 

 Total monthly collections reached $1.4 billion, up 18.7% from February and 7.2% higher than March 2025. Over the past 12 months, Oklahoma collected $17.3 billion, an increase of 2.9%, compared to the prior year.

 

 Following a strong finish in December, revenue growth moderated in January and February before strengthening again in March. The 12-month ending revenue growth increased to 0.55%, up from 0.04% in February, and has remained positive for seven consecutive months, signaling improving momentum in the rolling annual total and supporting a firmer outlook heading into the spring.

 

 Income Tax collections were down by 4.7%,  with mixed performance between individual and corporate receipts. Gross Production Taxes were down 8.6%,  though they are rising month-over-month as energy activity improves. . Motor Vehicle Taxes were up 5.1%. Sales & Use Tax was up more than 10% down 2.7%, signaling continued strength in consumer spending.

 

 Oklahoma's Unemployment rate was 3.6%, compared to 4.3% nationally.

 

State Treasurer Todd Russ stated: “March reflects renewed momentum in Oklahoma's economy, with broad-based growth across major revenue sources and a strengthening outlook. The rolling 12-month total continues to improve, reinforcing the state's fiscal stability.”

 

To read the full report, follow this link.