Oklahoma Fiscal Statistics

StatisNostics/State Financials/Oklahoma

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20122022

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State Revenue Analysis (Oklahoma: 2012–2022)

Population: 3,817,059 → 3,980,783 (4.3% change)

Overall Revenue Trends

Total Revenue▲ 58.5%

$22,191,538,000 (2012)→$35,167,313,000 (2022)

Per Capita Revenue▲ 51.9%

$5,814 (2012)→$8,834 (2022)

Fund Balances▼ 100%

$13,816,782,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 6.5%

Major Tax Revenue

Sales Tax▲ 46.8%

$2,415,964,000 (2012)→$3,546,080,000 (2022)

Utility Revenue

Water Utilities▼ 14.2%

$11,582,000 (2012)→$9,941,000 (2022)

Solid Waste Charges▲ 166.7%

$1,277,000 (2012)→$3,406,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Documentary & Stock Transfer Tax▲ 200.4%

$12,570,000→$37,756,000

Federal Intergovernmental Public Welfare▲ 187.9%

$3,163,875,000→$9,108,778,000

Local Intergovernmental Education▲ 179.1%

$1,313,000→$3,665,000

Declining/Slowest Growing Sources

Death & Gift Tax▼ 99.3%

$135,000→$1,000

Occupation & Business License Not Elsewhere Classified▼ 99.2%

$108,721,000→$909,000

Other License Tax▼ 96.0%

$21,349,000→$848,000

Revenue Forecast

Projected Revenue (Next Year)▲ 15.7%

Estimated: $40,678,712,845

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare14.3%

Individual Income Tax12.5%

Total General Sales Taxes10.9%

Federal Intergovernmental Health & Hospitals7.2%

Higher Education Tuition Charges5.5%

Federal Intergovernmental Education5.4%

Miscellaneous General Revenue Not Elsewhere Classified4.6%

Severance Tax3.8%

Federal Intergovernmental Highways3.2%

Motor Vehicle License3.0%

Electric Utilities Revenue2.5%

Unemployment - Contribution2.4%

Higher Education Auxiliary Charges2.1%

Corporation Net Income Tax2.0%

Motor Fuels Sales Tax2.0%

Interest Earnings1.9%

Federal Intergovernmental Other1.7%

Tobacco Sales Tax1.3%

Donations From Private Sources1.3%

Workers Compensation - Other Contributions1.1%

All Other Not Elsewhere Classified Charges1.1%

Toll Highway Charges1.0%

Insurance Premium Tax1.0%

Hospital Charges0.8%

Other Selective Sales Taxes0.7%

Federal Intergovernmental Housing & Community Development0.7%

Amusement License Tax0.7%

Royalties0.6%

Net Lottery Revenue0.5%

Occupation & Business License Not Elsewhere Classified0.5%

Federal Intergovernmental Other Natural Resources0.5%

Alcoholic Beverage Sales Tax0.5%

Local Intergovernmental Other0.5%

Rents0.3%

Federal Intergovernmental Employment Security Administration0.2%

Corporation License Tax0.2%

Workers Compensation - Interest Earnings0.2%

Public Utilities Tax0.2%

Local Intergovernmental Highways0.2%

Fines & Forfeits0.2%

Hunting & Fishing License0.1%

Parks & Recreation Charges0.1%

Other License Tax0.1%

Amusement Tax0.1%

Motor Vehicle Operators License0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Unemployment - Interest Revenue0.1%

Documentary & Stock Transfer Tax0.1%

Housing & Community Development Charges0.1%

Water Utilities Revenue0.1%

Gas Utilities Revenue0.0%

Sale of Property0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Local Intergovernmental Health & Hospitals0.0%

Federal Intergovernmental Electric Utilities0.0%

Parimutuels Tax0.0%

Local Intergovernmental Education0.0%

Solid Waste Charges0.0%

Regular Highway Charges0.0%

Alcoholic Beverage License Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Local Intergovernmental Public Welfare0.0%

Air Transportation Charges0.0%

Death & Gift Tax0.0%

Public Utility License Tax0.0%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare25.9%

Individual Income Tax11.8%

Total General Sales Taxes10.1%

Federal Intergovernmental Education7.0%

Miscellaneous General Revenue Not Elsewhere Classified4.4%

Severance Tax4.4%

Federal Intergovernmental Health & Hospitals4.3%

Higher Education Tuition Charges4.0%

Electric Utilities Revenue2.5%

Motor Vehicle License2.5%

Corporation Net Income Tax2.3%

Federal Intergovernmental Highways2.1%

Higher Education Auxiliary Charges1.8%

Interest Earnings1.7%

Motor Fuels Sales Tax1.7%

Donations From Private Sources1.6%

Tobacco Sales Tax1.3%

Unemployment - Contribution1.1%

Toll Highway Charges1.0%

Federal Intergovernmental Other1.0%

Insurance Premium Tax1.0%

Hospital Charges0.9%

All Other Not Elsewhere Classified Charges0.8%

Amusement License Tax0.5%

Alcoholic Beverage Sales Tax0.5%

Federal Intergovernmental Housing & Community Development0.5%

Other Selective Sales Taxes0.4%

Taxes Not Elsewhere Classified0.4%

Net Lottery Revenue0.3%

Local Intergovernmental Other0.3%

Federal Intergovernmental Other Natural Resources0.3%

Royalties0.2%

Corporation License Tax0.2%

Federal Intergovernmental Employment Security Administration0.2%

Public Utilities Tax0.2%

Rents0.2%

Documentary & Stock Transfer Tax0.1%

Fines & Forfeits0.1%

Local Intergovernmental Highways0.1%

Parks & Recreation Charges0.1%

Amusement Tax0.1%

Motor Vehicle Operators License0.1%

Hunting & Fishing License0.1%

Housing & Community Development Charges0.1%

Sale of Property0.1%

Natural Resources Not Elsewhere Classified Charges0.0%

Water Utilities Revenue0.0%

Gas Utilities Revenue0.0%

Local Intergovernmental Health & Hospitals0.0%

Unemployment - Interest Revenue0.0%

Local Intergovernmental Education0.0%

Solid Waste Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Regular Highway Charges0.0%

Parimutuels Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Occupation & Business License Not Elsewhere Classified0.0%

Other License Tax0.0%

Air Transportation Charges0.0%

Local Intergovernmental Public Welfare0.0%

Alcoholic Beverage License Tax0.0%

Public Utility License Tax0.0%

Death & Gift Tax0.0%

Key Insights

1Total revenue increased by 58.5% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 4.3%, while per-capita revenue changed by 51.9%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Oklahoma: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 132%

$7,905,036,000→$18,358,145,000

Per Capita Spending▲ 123%

$2,071→$4,612

Population Trends

Population Change▲ 4.3%

3,817,059 (2012)→3,980,783 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 31%

$149,391,000 (2012)→$195,729,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 19%

$315,499,000 (2012)→$374,751,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2022)

Administrative Expenses

Financial Administration▲ 102%

$208,309,000 (2012)→$421,313,000 (2022)

General Expenses▲ 99%

$191,922,000 (2012)→$380,976,000 (2022)

Oklahoma Key Insights

1Per capita expenditures grew by 123%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 102% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 19%

$8,469,807,000 (2012)→$10,083,920,000 (2022)

Industrial Revenue Debt▼ 100%

$1,499,463,000 (2012)→$0 (2022)

Per Capita Debt▲ 14%

$2,219 (2012)→$2,533 (2022)

Population Trends

Population Change▲ 4.3%

3,817,059 (2012)→3,980,783 (2022)

Debt Management

Most Recent Year (2022)

Issued:$381,686,000

Retired:$379,759,000

Net Change:+$1,927,000

Debt Retirement Trend

$1,005,218,000 → $379,759,000▼ 62%

🔄 Significant change in retirement strategy detected

Key Insights

1There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.