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Oklahoma’s booms, busts, and tax cut déjà vu (Capitol Update) - Oklahoma Policy Institute
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Oklahoma’s booms, busts, and tax cut déjà vu (Capitol Update) - Oklahoma Policy Institute
The state received more good revenue news last week. The Office of Management and Enterprise Services (OMES) reported on Friday that the General Revenue Fund collections for fiscal year 2025 totaled $8.7 billion — $224.7 million (2.6 percent) above the State Board of Equalization’s estimate and $279.1 million or (3.3 percent) higher than the prior fiscal year’s collections. This came despite a $308 million loss in revenue from elimination of the…
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