<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0UXRvF_1GzbFTBu00" alt="https://img.particlenews.com/image.php?url=0UXRvF_1GzbFTBu00" width="1600" height="900" >Income tax collections drive the increase as Oklahoma’s main operating fund runs ahead of its forecast.OKLAHOMA CITY — Oklahoma’s main operating fund collected nearly $1.1 billion in October, beating the state’s estimate by $363 million, or 50.7%, the Office of Management and Enterprise Services reported Tuesday.Individual income tax collections drove most of the increase. OMES attributed the strong income tax performance to returns filed before the extended Oct. 15 deadline.“Year-to-date income tax collections were significantly up as a result of tax returns filed prior to the extended deadline on Oct. 15,” OMES Director Mark Wood said.The General Revenue Fund collected $3.1 billion during the first four months of fiscal year 2027, which began July 1. That was $497 million, or 19.1%, above estimate and $430 million, or 16.1%, above the same period a year earlier.<h2>Income taxes lead the gains</h2>October individual income tax collections totaled $667 million, nearly double the estimate and 94.1% above October 2025.Combined individual and corporate income taxes accounted for about 90% of the month’s revenue above estimate.Oil and natural gas production taxes contributed $65 million, exceeding the monthly estimate by $20 million, or 44.3%. OMES attributed the above-estimate performance to higher oil and gas prices.Sales tax collections totaled $204 million, 2.9% above estimate, while use tax collections reached $49 million, 10.6% above estimate.For the fiscal year through October, combined income tax collections were 35.5% above forecast. Sales taxes were 1% above estimate, use taxes were 14.7% above and combined oil and gas production taxes were 1.4% below.The General Revenue Fund is the primary funding source for the Legislature’s annual appropriations. Its collections reflect money available after refunds, rebates and required distributions to other funds and local governments.October’s financial tables are available from OMES.</div></body>

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OKLAHOMA CITY — Oklahoma’s main operating fund collected nearly $1.1 billion in October, beating the state’s estimate by $363 million, or 50.7%, the Office of Management and Enterprise Services reported Tuesday. Individual income tax collections drove most of the increase. OMES attributed the strong income tax performance...

October revenue tops state estimate by 51%

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OKLAHOMA CITY — Oklahoma’s main operating fund collected nearly $1.1 billion in October, beating the state’s estimate by $363 million, or 50.7%, the Office

October revenue tops state estimate by 51%

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