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Gross Receipts Set Landmark High
Gross Receipts to the Treasury for the past 12 months topped a landmark high of $17 billion, State Treasurer Randy McDaniel announced Thursday.

Twelve-month gross receipts through September are $17.03 billion, up by $2.51 billion, or 17.3 percent, from the prior 12 months. That total is more than $4 billion, or 31 percent, higher than the trough of $13 billion measured in June 2020.

“Oklahoma’s economic expansion since the depths of the pandemic are nothing short of remarkable,” Treasurer McDaniel said. “Unemployment remains low, economic indicators are strong, and virtually every core sector of the economy as measured by gross receipts shows growth.”

Major revenue streams for the past 12 months have increased by rates ranging from 94 percent for oil and gas gross production collections to 2.6 percent for motor vehicle receipts. The largest components - taxes on income and consumption - show double-digit growth with income tax collections up 16.5 percent and combined sales and use taxes up 11.9 percent.

The economic picture for the month of September, alone, is equally strong. September collections of $1.59 billion are up by $210.2 million, or 15.2 percent, from September 2021. All major revenue streams reflect growth, led by an increase of 74.1 percent for oil and gas gross production receipts. Sales and use tax collections continue to outpace inflation with growth of 9.7 percent compared to the same month of last year.

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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state. 

The Road to Rural Prosperity dives into these stories, bringing you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America. 

The Road to Rural Prosperity is here to tell stories about rural America, for rural America.

KC Sheperd talks educational issues impacting Oklahoma with State Secretary of Education Ryan Walters. Walters is also the GOP Nominee running for the State Superintendent of Education in the November General Election.

Walters tells Sheperd that “I believe in parents. I believe in our rural communities and our rural schools. I believe they are the backbone of the education system in the state of Oklahoma. I am going to do all that I can to continue to empower them and to make sure they are strong. The governor and I pushed and passed the Redbud Act which put over 38 million into stabilizing our most rural schools. That is something we thought was very important.”

In rural communities, Walters said, a concern from parents is access for their children to different programs such as FFA, for example, or work in an internship or externship. Rural schools are unique, Walters said, because of how involved the staff and community are.

There are many questions over whether or not money from medical marijuana and the lottery are being used for education in Oklahoma when so many schools are still underfunded throughout the state. Because of this reason, Walters said, he has already called for an audit.

“Taxpayers need to see where their money is going and we need to make sure it is being utilized,” Walters said.

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Tim West
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network

Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network