The Office of the Governor of the State of Oklahoma
08/04/2026 | Press release | Distributed by Public on 08/04/2026 10:29
Governor Stitt Celebrates Oklahoma’s FY26 Revenue Close, Six Straight Years Above Estimate
OKLAHOMA CITY (August 4, 2026) - Governor Kevin Stitt today celebrated Oklahoma's Fiscal Year 2026 General Revenue Fund closing $612 million, or 7.4%, above estimate and $142 million above Fiscal Year 2025 collections. This marks the sixth straight year Oklahoma has finished above revenue estimates, following $1.6 billion in tax cuts since 2019.
"This is exactly what happens when you cut taxes, trust Oklahoma families and businesses, and keep government accountable. Oklahoma's economy is strong, our revenues are up, and we're proving year after year that conservative leadership works," said Governor Stitt.
The FY26 close follows significant tax relief that continued in Governor Kevin Stitt's second term, including a .50 percentage point decrease in the personal income tax rate and the elimination of the 4.5% state sales tax on groceries that took effect in 2024. It also reinforces that Oklahoma can lower the burden on taxpayers while maintaining strong fiscal health and delivering results.
OMES' final FY26 report shows another year of revenue performance above expectations. It reflects Oklahoma's fiscal strength and economic resilience.
"During my administration, we have cut more than $1.6 billion in taxes and put Oklahoma on the path to a zero-income tax state. Our economy is shining, and Oklahomans continue to deliver tax revenue to meet the needs of core government services," Stitt continued.
For more information, see the OMES announcement here: GRF closes FY 2026 ahead of estimate, prior year.
"This is exactly what happens when you cut taxes, trust Oklahoma families and businesses, and keep government accountable. Oklahoma's economy is strong, our revenues are up, and we're proving year after year that conservative leadership works," said Governor Stitt.
The FY26 close follows significant tax relief that continued in Governor Kevin Stitt's second term, including a .50 percentage point decrease in the personal income tax rate and the elimination of the 4.5% state sales tax on groceries that took effect in 2024. It also reinforces that Oklahoma can lower the burden on taxpayers while maintaining strong fiscal health and delivering results.
OMES' final FY26 report shows another year of revenue performance above expectations. It reflects Oklahoma's fiscal strength and economic resilience.
"During my administration, we have cut more than $1.6 billion in taxes and put Oklahoma on the path to a zero-income tax state. Our economy is shining, and Oklahomans continue to deliver tax revenue to meet the needs of core government services," Stitt continued.
For more information, see the OMES announcement here: GRF closes FY 2026 ahead of estimate, prior year.
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