Oklahoma Fiscal Statistics

StatisNostics/State Financials/Oklahoma
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20122023
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State Revenue Analysis (Oklahoma: 2012–2023)

Population: 3,817,059 → 3,986,639 (4.4% change)

Overall Revenue Trends

Total Revenue▲ 72.1%
$22,191,538,000 (2012)→$38,181,079,000 (2023)
Per Capita Revenue▲ 64.7%
$5,814 (2012)→$9,577 (2023)
Fund Balances▼ 100%
$13,816,782,000 (2012)→$0 (2023)
Revenue Volatility✓ Low
Avg. fluctuation: 6.7%

Major Tax Revenue

Sales Tax▲ 57.2%
$2,415,964,000 (2012)→$3,798,881,000 (2023)

Utility Revenue

Water Utilities▼ 0.7%
$11,582,000 (2012)→$11,500,000 (2023)
Solid Waste Charges▲ 194.2%
$1,277,000 (2012)→$3,757,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Public Welfare▲ 244.0%
$3,163,875,000→$10,884,733,000
Local Intergovernmental Education▲ 211.2%
$1,313,000→$4,086,000
Solid Waste Charges▲ 194.2%
$1,277,000→$3,757,000

Declining/Slowest Growing Sources

Occupation & Business License Not Elsewhere Classified▼ 99.1%
$108,721,000→$932,000
Local Intergovernmental Health & Hospitals▼ 95.7%
$1,663,000→$71,000
Other License Tax▼ 94.2%
$21,349,000→$1,235,000

Revenue Forecast

Projected Revenue (Next Year)▲ 15.5%
Estimated: $44,109,362,494
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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare28.5%
Individual Income Tax11.5%
Total General Sales Taxes9.9%
Miscellaneous General Revenue Not Elsewhere Classified5.7%
Federal Intergovernmental Education5.4%
Severance Tax4.8%
Federal Intergovernmental Health & Hospitals4.0%
Higher Education Tuition Charges3.6%
Federal Intergovernmental Highways2.3%
Motor Vehicle License2.3%
Interest Earnings2.1%
Corporation Net Income Tax2.0%
Electric Utilities Revenue2.0%
Higher Education Auxiliary Charges1.7%
Motor Fuels Sales Tax1.6%
Donations From Private Sources1.2%
Tobacco Sales Tax1.1%
Hospital Charges1.0%
Toll Highway Charges0.9%
Federal Intergovernmental Other0.9%
Unemployment - Contribution0.9%
Insurance Premium Tax0.9%
All Other Not Elsewhere Classified Charges0.9%
Federal Intergovernmental Housing & Community Development0.5%
Amusement License Tax0.5%
Alcoholic Beverage Sales Tax0.5%
Taxes Not Elsewhere Classified0.4%
Federal Intergovernmental Other Natural Resources0.4%
Net Lottery Revenue0.3%
Local Intergovernmental Other0.3%
Other Selective Sales Taxes0.2%
Royalties0.2%
Public Utilities Tax0.2%
Rents0.2%
Corporation License Tax0.1%
Federal Intergovernmental Employment Security Administration0.1%
Local Intergovernmental Highways0.1%
Fines & Forfeits0.1%
Parks & Recreation Charges0.1%
Amusement Tax0.1%
Documentary & Stock Transfer Tax0.1%
Hunting & Fishing License0.1%
Motor Vehicle Operators License0.1%
Housing & Community Development Charges0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Water Utilities Revenue0.0%
Sale of Property0.0%
Gas Utilities Revenue0.0%
Unemployment - Interest Revenue0.0%
Local Intergovernmental Education0.0%
Solid Waste Charges0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Regular Highway Charges0.0%
Other License Tax0.0%
Federal Intergovernmental Air Transportation0.0%
Occupation & Business License Not Elsewhere Classified0.0%
Local Intergovernmental Public Welfare0.0%
Air Transportation Charges0.0%
Alcoholic Beverage License Tax0.0%
Local Intergovernmental Health & Hospitals0.0%
Public Utility License Tax0.0%

Key Insights

  1. 1Total revenue increased by 72.1% from 2012 to 2023, representing a significant change in the state's financial position.
  2. 2Population changed by 4.4%, while per-capita revenue changed by 64.7%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (Oklahoma: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 161%
$7,905,036,000→$20,594,483,000
Per Capita Spending▲ 149%
$2,071→$5,166

Population Trends

Population Change▲ 4.4%
3,817,059 (2012)→3,986,639 (2023)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 51%
$149,391,000 (2012)→$226,076,000 (2023)
Fire Protection▼ 0%
$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 29%
$315,499,000 (2012)→$406,468,000 (2023)
Sewerage Operations▼ 0%
$0 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 112%
$208,309,000 (2012)→$441,688,000 (2023)
General Expenses▲ 66%
$191,922,000 (2012)→$318,571,000 (2023)

Oklahoma Key Insights

  1. 1Per capita expenditures grew by 149%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2Financial Administration was the fastest growing major expense category at 112% increase
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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 22%
$8,469,807,000 (2012)→$10,306,622,000 (2023)
Industrial Revenue Debt▼ 100%
$1,499,463,000 (2012)→$0 (2023)
Per Capita Debt▲ 17%
$2,219 (2012)→$2,585 (2023)

Population Trends

Population Change▲ 4.4%
3,817,059 (2012)→3,986,639 (2023)

Debt Management

Most Recent Year (2023)

Issued:$500,503,000
Retired:$287,443,000
Net Change:+$213,060,000

Debt Retirement Trend

$1,005,218,000 → $287,443,000▼ 71%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2023, with a move toward higher debt levels.