Oklahoma Tax Revenues Slow in May

Oklahoma Tax Revenues Slow in May

Oklahoma tax revenues dipped in May following a record-setting April, with the latest monthly tax revenue totaling $1.28 billion—a 36% decline from April largely due to the end of tax season. But broader trends in employment, inflation, and consumer spending signal that Oklahoma’s economy remains steady but guarded, mirroring national patterns. Over the past 12 months, the state collected $16.88 billion in tax revenue, down just 0.3% from the pre