Oklahoma Fiscal Statistics

StatisNostics/State Financials/Oklahoma

Historical State Finances

Oklahoma

$10.00K$10.00K$8.00K$8.00K$6.00K$6.00K$4.00K$4.00K$2.00K$2.00K20122012201320132014201420152015201620162017201720182018201920192020202020212021
Spending Per Capita - Oklahoma
Debt Per Capita - Oklahoma
Revenue Per Capita - Oklahoma

Filter Data by Year

20122021

Revenue Data

Air Transportation Charges

$4.0M$4.0M$3.0M$3.0M$2.0M$2.0M$1.0M$1.0M$0.00$0.00201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Revenue Analysis (Oklahoma: 2012ā€“2021)

Population: 3,817,059 ā†’ 3,956,971 (3.7% change)

Overall Revenue Trends

Total Revenueā–² 29.4%
$22,191,538,000 (2012)ā†’$28,711,826,000 (2021)
Per Capita Revenueā–² 24.8%
$5,814 (2012)ā†’$7,256 (2021)
Fund Balancesā–² 61.5%
$13,816,782,000 (2012)ā†’$22,316,029,000 (2021)
Revenue Volatilityāœ“ Low
Avg. fluctuation: 4.8%

Major Tax Revenue

Sales Taxā–² 29%
$2,415,964,000 (2012)ā†’$3,116,195,000 (2021)

Utility Revenue

Water Utilitiesā–¼ 19.5%
$11,582,000 (2012)ā†’$9,325,000 (2021)
Solid Waste Chargesā–² 119.8%
$1,277,000 (2012)ā†’$2,807,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Air Transportation Chargesā–² 1496.0%
$201,000ā†’$3,208,000
Sale of Propertyā–² 236.3%
$8,005,000ā†’$26,920,000
Solid Waste Chargesā–² 119.8%
$1,277,000ā†’$2,807,000

Declining/Slowest Growing Sources

Occupation & Business License Not Elsewhere Classifiedā–¼ 99.2%
$108,721,000ā†’$836,000
Death & Gift Taxā–¼ 96.3%
$135,000ā†’$5,000
Other License Taxā–¼ 95.0%
$21,349,000ā†’$1,060,000

Revenue Forecast

Projected Revenue (Next Year)ā–² 7.5%
Estimated: $30,853,111,114
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Federal Intergovernmental Public Welfare22.5%
Individual Income Tax13.1%
Total General Sales Taxes10.9%
Federal Intergovernmental Education6.1%
Higher Education Tuition Charges6.0%
Miscellaneous General Revenue Not Elsewhere Classified5.4%
Motor Vehicle License2.8%
Severance Tax2.6%
Federal Intergovernmental Highways2.5%
Interest Earnings2.3%
Corporation Net Income Tax2.1%
Federal Intergovernmental Health & Hospitals2.0%
Motor Fuels Sales Tax2.0%
Electric Utilities Revenue2.0%
Higher Education Auxiliary Charges1.6%
Tobacco Sales Tax1.6%
Insurance Premium Tax1.6%
Donations From Private Sources1.5%
Unemployment - Contribution1.5%
Federal Intergovernmental Other1.4%
Toll Highway Charges1.1%
All Other Not Elsewhere Classified Charges1.0%
Hospital Charges0.8%
Amusement License Tax0.6%
Federal Intergovernmental Housing & Community Development0.6%
Other Selective Sales Taxes0.5%
Alcoholic Beverage Sales Tax0.5%
Net Lottery Revenue0.4%
Local Intergovernmental Other0.3%
Taxes Not Elsewhere Classified0.3%
Federal Intergovernmental Employment Security Administration0.3%
Federal Intergovernmental Other Natural Resources0.3%
Corporation License Tax0.2%
Rents0.2%
Public Utilities Tax0.2%
Royalties0.2%
Local Intergovernmental Highways0.1%
Fines & Forfeits0.1%
Parks & Recreation Charges0.1%
Hunting & Fishing License0.1%
Documentary & Stock Transfer Tax0.1%
Sale of Property0.1%
Amusement Tax0.1%
Motor Vehicle Operators License0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Housing & Community Development Charges0.1%
Gas Utilities Revenue0.0%
Water Utilities Revenue0.0%
Federal Intergovernmental Transit Utilities0.0%
Unemployment - Interest Revenue0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Air Transportation Charges0.0%
Solid Waste Charges0.0%
Regular Highway Charges0.0%
Parimutuels Tax0.0%
Other License Tax0.0%
Federal Intergovernmental Air Transportation0.0%
Local Intergovernmental Education0.0%
Local Intergovernmental Health & Hospitals0.0%
Occupation & Business License Not Elsewhere Classified0.0%
Federal Intergovernmental Electric Utilities0.0%
Local Intergovernmental Public Welfare0.0%
Alcoholic Beverage License Tax0.0%
Public Utility License Tax0.0%
Death & Gift Tax0.0%

Key Insights

  1. 1Population changed by 3.7%, while per-capita revenue changed by 24.8%.
  2. 2The state's fund balances increased by 61.5%, suggesting improved fiscal health.
  3. 3Revenue has been relatively stable (avg. fluctuation ~4.8%).

Expense Data

Air Transportation Construction

$5.0M$5.0M$4.0M$4.0M$3.0M$3.0M$2.0M$2.0M$1.0M$1.0M$0.00$0.00201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Expense Analysis (Oklahoma: 2012 - 2021)

Total Expenditure Trends

Operating Expendituresā–² 26%
$7,905,036,000ā†’$9,954,636,000
Per Capita Spendingā–² 21%
$2,071ā†’$2,516

Population Trends

Population Changeā–² 3.7%
3,817,059 (2012)ā†’3,956,971 (2021)

Public Safety Expenses

Police Protectionā–² 25%
$0 (2012)ā†’$0 (2021)
Fire Protectionā–¼ 0%
$0 (2012)ā†’$0 (2021)

Infrastructure Expenses

Highways Maintenanceā–² 12%
$0 (2012)ā†’$0 (2021)
Sewerage Operationsā–¼ 0%
$0 (2012)ā†’$0 (2021)

Administrative Expenses

Financial Administrationā–² 107%
$0 (2012)ā†’$0 (2021)
General Expensesā–² 143%
$0 (2012)ā†’$0 (2021)

Oklahoma Key Insights

  1. 1General expenses increased dramatically by 143%, which may indicate classification changes, new initiatives, or reporting adjustments
  2. 2Financial Administration was the fastest growing major expense category at 107% increase

Debt Data

Beginning Long-Term Debt Outstanding - Non-Guaranteed Public Debt for Private Purpose

$1800.0M$1800.0M$1600.0M$1600.0M$1400.0M$1400.0M$1200.0M$1200.0M$1000.0M$1000.0M$800.0M$800.0M$600.0M$600.0M201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debtā–¼ 11%
$8,469,807,000 (2012)ā†’$7,502,310,000 (2021)
Industrial Revenue Debtā–¼ 57%
$1,499,463,000 (2012)ā†’$639,063,000 (2021)
Per Capita Debtā–¼ 15%
$2,219 (2012)ā†’$1,896 (2021)

Population Trends

Population Changeā–² 3.7%
3,817,059 (2012)ā†’3,956,971 (2021)

Debt Management

Most Recent Year (2021)

Issued:$1,467,529,000
Retired:$993,790,000
Net Change:+$473,739,000

Debt Retirement Trend

$1,005,218,000 ā†’ $993,790,000ā–¼ 1%