Oklahoma August Tax Collections Slip Nearly $3 Million

OKLAHOMA CITY, Okla. — Oklahoma collected $1.27 billion in August—nearly $3 million less than the same month a year ago. Personal and business income taxes led the way; sales tax continued to underperform, pointing to cooling consumer spending.

Tax By the Numbers

• Total: $1.27B (down ~ $3M YoY)

• Leaders: Personal & corporate income taxes

• Lagging: Sales tax (ongoing softness in retail & discretionary spend)

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What It Means

Economists say the mixed picture suggests steady employment/income but a tighter consumer wallet. Budget writers will watch fall collections to gauge midyear adjustments and the outlook for tax policy debates next session.

What to Watch Next

• Holiday retail—key for sales tax recovery

• Energy prices—impacting corporate receipts

• Rate proposals—including utility filings that affect household spend

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