Oklahoma Fiscal Statistics

StatisNostics/State Financials/Oklahoma

Generating Chart...

Filter Data by Year

20122024

Generating Chart...

State Revenue Analysis (Oklahoma: 2012–2024)

Population: 3,817,059 → 4,019,800 (5.3% change)

Overall Revenue Trends

Total Revenue▲ 62.1%

$22,191,538,000 (2012)→$35,962,897,000 (2024)

Per Capita Revenue▲ 53.9%

$5,814 (2012)→$8,946 (2024)

Fund Balances▼ 100%

$13,816,782,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 6.6%

Major Tax Revenue

Sales Tax▲ 57.7%

$2,415,964,000 (2012)→$3,810,916,000 (2024)

Utility Revenue

Water Utilities▲ 7.5%

$11,582,000 (2012)→$12,450,000 (2024)

Solid Waste Charges▲ 262.3%

$1,277,000 (2012)→$4,626,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Solid Waste Charges▲ 262.3%

$1,277,000→$4,626,000

Local Intergovernmental Education▲ 232.8%

$1,313,000→$4,370,000

Federal Intergovernmental Public Welfare▲ 215.0%

$3,163,875,000→$9,966,445,000

Declining/Slowest Growing Sources

Occupation & Business License Not Elsewhere Classified▼ 99.3%

$108,721,000→$800,000

Amusement License Tax▼ 98.6%

$148,684,000→$2,101,000

Other License Tax▼ 95.2%

$21,349,000→$1,017,000

Revenue Forecast

Projected Revenue (Next Year)▲ 1.4%

Estimated: $36,459,213,110

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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare27.7%

Individual Income Tax12.5%

Total General Sales Taxes10.6%

Miscellaneous General Revenue Not Elsewhere Classified6.7%

Federal Intergovernmental Education5.7%

Higher Education Tuition Charges3.8%

Federal Intergovernmental Highways3.1%

Severance Tax3.1%

Interest Earnings2.6%

Motor Vehicle License2.4%

Electric Utilities Revenue2.0%

Corporation Net Income Tax1.9%

Higher Education Auxiliary Charges1.9%

Motor Fuels Sales Tax1.6%

Donations From Private Sources1.6%

Insurance Premium Tax1.2%

Federal Intergovernmental Other1.1%

Hospital Charges1.1%

Toll Highway Charges1.1%

Tobacco Sales Tax1.0%

Unemployment - Contribution0.9%

Federal Intergovernmental Health & Hospitals0.9%

All Other Not Elsewhere Classified Charges0.8%

Federal Intergovernmental Housing & Community Development0.6%

Alcoholic Beverage Sales Tax0.5%

Federal Intergovernmental Other Natural Resources0.4%

Local Intergovernmental Other0.4%

Public Utilities Tax0.3%

Net Lottery Revenue0.3%

Taxes Not Elsewhere Classified0.3%

Other Selective Sales Taxes0.2%

Rents0.2%

Royalties0.2%

Corporation License Tax0.2%

Federal Intergovernmental Employment Security Administration0.1%

Fines & Forfeits0.1%

Local Intergovernmental Highways0.1%

Parks & Recreation Charges0.1%

Amusement Tax0.1%

Hunting & Fishing License0.1%

Documentary & Stock Transfer Tax0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Housing & Community Development Charges0.1%

Unemployment - Interest Revenue0.0%

Motor Vehicle Operators License0.0%

Sale of Property0.0%

Water Utilities Revenue0.0%

Gas Utilities Revenue0.0%

Solid Waste Charges0.0%

Local Intergovernmental Education0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Amusement License Tax0.0%

Regular Highway Charges0.0%

Other License Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

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%

Public Utility License Tax0.0%

Key Insights

1Total revenue increased by 62.1% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 5.3%, while per-capita revenue changed by 53.9%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

Generating Chart...

State Expense Analysis (Oklahoma: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 208%

$7,905,036,000→$24,363,840,000

Per Capita Spending▲ 193%

$2,071→$6,061

Population Trends

Population Change▲ 5.3%

3,817,059 (2012)→4,019,800 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 62%

$149,391,000 (2012)→$241,670,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 37%

$315,499,000 (2012)→$430,985,000 (2024)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 130%

$208,309,000 (2012)→$478,387,000 (2024)

General Expenses▲ 86%

$191,922,000 (2012)→$356,947,000 (2024)

Oklahoma Key Insights

1Per capita expenditures grew by 193%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 130% increase

Generating Chart...

State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 20%

$8,469,807,000 (2012)→$10,134,564,000 (2024)

Industrial Revenue Debt▼ 100%

$1,499,463,000 (2012)→$0 (2024)

Per Capita Debt▲ 14%

$2,219 (2012)→$2,521 (2024)

Population Trends

Population Change▲ 5.3%

3,817,059 (2012)→4,019,800 (2024)

Debt Management

Most Recent Year (2024)

Issued:$2,137,076,000

Retired:$803,148,000

Net Change:+$1,333,928,000

Debt Retirement Trend

$1,005,218,000 → $803,148,000▼ 20%