![A look at the April economic report](https://oklahoma-council.transforms.svdcdn.com/production/assets/img/Ken-Miller.jpg?w=768&auto=compress%2Cformat&fit=crop&dm=1644340813&s=a9b086947c81bad15950bef628ac2aed)
Budget & Tax , Economy
Curtis Shelton | May 16, 2018
A look at the April economic report
Curtis Shelton
The Oklahoma Treasurer’s monthly economic report was released this week highlighting April revenue collections. The Treasurer’s report shows a breakdown of total gross receipts collected for the month along with a breakdown of various economic measures for the state of Oklahoma.
Total gross receipts collected for April came in at $1.404 billion—a 15.4%, or $187 million, increase for the same month from the prior year. Of this increase, only $34.6 million came from legislative changes (tax or fee increases) with the remaining $152.4 million being attributable to economic growth. Similarly, General Revenue Fund (GRF) collections grew by $152.5 million from the previous year, with total collections coming in at $764.3 million.
Once again, the GRF beat the estimate. That makes this the seventh time this fiscal year the GRF has exceeded the estimate. Revenues collected for the GRF were a whopping 14% above April’s estimate. To date, the GRF has collected $283.93 million over the monthly estimate for this fiscal year. Ten months into the fiscal year, $10.11 billion in gross receipts have been collected since July. That marks a $1.02 billion, or 11%, increase for the same time period during the prior year. Likewise, the GRF has grown by $621 million, or 15%, from the prior year.
![FY 2017 vs FY 2018 Total Gross Receipts FY 2017 vs FY 2018 Total Gross Receipts](https://oklahoma-council.transforms.svdcdn.com/production/assets/img/FY-2017-vs-FY-2018-Total-Gross-Receipts.jpg?w=1868&h=673&auto=compress%2Cformat&fit=crop&dm=1644341072&s=0e13817c3583c09d0ed9e83888837293)
![](https://oklahoma-council.transforms.svdcdn.com/production/assets/img/Total-Gross-Receipts-vs.-General-Revenue-Fund.jpg?w=1852&h=655&auto=compress%2Cformat&fit=crop&dm=1644340085&s=9a69096bffc8ad11142b3ef4d1de08ae)
Note: These are preliminary numbers compiled from the Oklahoma Treasurer’s economic reports and press releases and the Oklahoma Office of Management and Enterprise Services (OMES) Monthly General Revenue Reports.
![Curtis Shelton Policy Research Fellow](https://oklahoma-council.transforms.svdcdn.com/production/assets/img/Author-Headshots-05.png?w=300&auto=compress%2Cformat&fit=crop&dm=1644340332&s=96cc21b17ec933317ee1f51adaa06be7)
Curtis Shelton
Policy Research Fellow
Curtis Shelton currently serves as a policy research fellow for OCPA with a focus on fiscal policy. Curtis graduated Oklahoma State University in 2016 with a Bachelors of Arts in Finance. Previously, he served as a summer intern at OCPA and spent time as a staff accountant for Sutherland Global Services.