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October 4, 2023 News Release August 2023 Investment Report August 2023 To the People of Oklahoma: The Office of the State Treasurer is pleased to issue the monthly investment performance report. This report is an important part of my office and commitment to disclose our economic environment and portfolio results. Portfolio Performance, Diversification, and Strategy August portfolio yielded 2.71% with a weighted average maturity of 2.75 years. Total...Read More

September 29, 2023 News Release Get front and back tax benefits with Oklahoma 529 Receive benefits for funds used to contribute and spend on future education By State Treasurer Todd Russ Student academic success is top of mind as families settle into school routines. I encourage Oklahoma families to take the next step in setting a gameplan for a tax-free education savings path this month, which September is aptly recognized as College Savings Month across the nation. It’s understandable if the thought of...Read More

August 24, 2023 News Release Oklahoma 529 Not Just for College Anymore, Provides Extensive K-12 Benefits By State Treasurer Todd Russ Having an Oklahoma 529 plan is a great way for families in Oklahoma to save for college. From the time you open and fund a 529 account for your son, daughter or other family member or friend, you can watch the investment balance grow over the years until they are old enough to attend their chosen institution of higher learning. The use of tax-free earnings to pay for college tuition is certainly a significant...Read More

August 15, 2023 News Release Financial Institutions Remain on Oklahoma Treasurer's List of Restricted Companies OKLAHOMA CITY – Oklahoma State Treasurer Todd Russ today released an updated list of the institutions that remain on the restricted financial company list, following further analysis of their environmental, social and governance (ESG) policies. The companies include: BlackRock, Inc. Wells Fargo & Co. JPMorgan Chase & Co. Bank of America, N.A. State Street Corp. Climate First Bank HB 2034, the Energy...Read More

July 27, 2023 News Release Are You Missing Money? By State Treasurer Todd Russ Have you ever moved or changed occupations? For most people, I’m sure the answer is yes. Such circumstances can deliver very exciting opportunities in your life, including buying a new house or landing your dream job. For some of you, both of these events may have happened at the same time. During the transition presented by your life-changing opportunity, however, some important details may have gotten...Read More

July 25, 2023 News Release Treasurer Russ Announces Credit Rating Agency's Upgraded Outlook for Oklahoma OKLAHOMA CITY – S&P Global Ratings has issued a revised outlook for the State of Oklahoma, elevating its status from stable to positive, and affirmed the state’s ‘AA’ long-term issuer credit rating, State Treasurer Todd Russ announced today. The upgraded outlook from stable to positive applies to the appropriation-backed outstanding debt of the Oklahoma Development Finance Authority (ODFA) and the Oklahoma...Read More

June 29, 2023 News Release Balancing the State Budget By State Treasurer Todd Russ Across the country, the core constitutional objective for state governments during their legislative sessions is passing a state budget. The same is true for Oklahoma. As the State Treasurer, I serve on the Board of Equalization (BOE), which is comprised of six statewide elected officials and one appointed official. The BOE provides an estimate of all revenue that’s available to be appropriated for the...Read More

April 6, 2023 News Release Historic Highs Continue for Gross Receipts OKLAHOMA CITY – Gross Receipts to the state Treasury paint a picture of a sound but moderating Oklahoma economy as total collections climb to a new high, State Treasurer Todd Russ announced. The 12-month record total of $17.64 billion is $1.77 billion or 11.2 percent more than the year before. However, when reviewing the monthly comparison, the difference between March and last March of $16.6 million or 1.2 percent is the lowest level...Read More

March 14, 2023 News Release Oklahoma, Stronger Than Ever FOR IMMEDIATE RELEASE: Contact: Jordan Harvey (Chief of Staff) Phone: (405) 521-4504 OKLAHOMA CITY (March 14, 2023) – Oklahoma State Treasurer Todd Russ’ office is assessing the situation going on nationally with the collapse of Silicon Valley Bank. While this is an unsettling situation for the customers and investors of SVB, this is also a wakeup call to all financial institutions across the nation as rough economic times...Read More

March 8, 2023 News Release Oil & Gas 12-Month Collections Reach New High OKLAHOMA CITY – Boosted by record receipts from oil and gas production, Gross Receipts to the Treasury in February show the state’s economy continues to expand despite ongoing inflationary pressure, State Treasurer Todd Russ announced today. Collections for the past year are $17.62 billion, up by 12.9 percent, compared to the 12-month collection total in February 2022 of $15.61 billion. For the first time in any 12-month period,...Read More

February 15, 2023 News Release Gross Receipts Remain Resilient FOR IMMEDIATE RELEASE: February 8, 2023 OKLAHOMA CITY: Gross Receipts to the Treasury recorded a new high over the past twelve months, yet rising interest rates are a cause for concern regarding future economic growth, State Treasurer Todd Russ announced today. Twelve-month gross receipts through January are $17.48 billion, up by $1.98 billion or 12.8 percent from the prior twelve months. For the month, total collections of $1.59 billion are...Read More

February 1, 2023 News Release Oklahoma Sends Questionnaire to determine the financial boycott of Energy Companies in State FOR IMMEDIATE RELEASE: OKLAHOMA CITY- Oklahoma State Treasurer Todd Russ sent a letter and questionnaire to a list of national financial institutions, including fund managers and banks, to determine which companies boycott energy companies. in Oklahoma. This move is the first step in compiling the list of companies Oklahoma government entities are prohibited from doing business with because of their environmental, social and governance...Read More

January 6, 2023 News Release Strong Year for Gross Receipts Charts and graphs OKLAHOMA CITY – A thriving Oklahoma economy for most of 2022 helped propel Gross Receipts to the Treasury to a record calendar year high, but recently there has been a slowdown in growth, State Treasurer Randy McDaniel announced today. The 12-month gross receipts of $17.4 billion set a new all-time high. Compared to last year, revenues expanded almost 15 percent. However, during the past few months, the rate of...Read More

December 9, 2022 News Release Despite Concerns Gross Receipts Remain Strong Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury for the past year set a new record high for the sixth consecutive month, but falling energy prices raise concerns about future collections, State Treasurer Randy McDaniel announced today. Twelve-month gross receipts through November are $17.36 billion, up by $2.44 billion, or 16.3 percent, from the prior 12 months. However, the monthly tax collections on oil and gas...Read More

November 3, 2022 News Release Collections Climb to New Heights Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury for the past 12 months surpassed last month’s record high of $17 billion by more than $200 million, State Treasurer Randy McDaniel announced today. Twelve-month gross receipts through October are $17.24 billion, up by $2.5 billion, or 17.3 percent, from the prior 12 months. Furthermore, this aggregate is more than $4 billion higher than the slowdown in...Read More

October 5, 2022 News Release Gross Receipts Set Landmark High Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury for the past 12 months topped a landmark high of $17 billion, State Treasurer Randy McDaniel announced today. 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....Read More

September 7, 2022 News Release Gross Receipts Packed with Record Highs Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury in August set a number of new records as signs point to a robust Oklahoma economy, State Treasurer Randy McDaniel announced today. August gross receipts set record highs for: Twelve-month total receipts of $16.82 billion. Twelve-month Use Tax receipts of $1.01 billion. Collections for the month of August at $1.37 billion. Monthly...Read More

August 28, 2022 News Release Oklahoma 529 College Savings Plan becomes Oklahoma 529 with new branding and website OKLAHOMA CITY (Aug. 29, 2022) – State Treasurer Randy McDaniel today unveiled a new name, branding and website for the state’s direct-sold 529 plan. The plan formerly known as the Oklahoma 529 College Savings Plan (OCSP) will be called Oklahoma 529. Treasurer McDaniel said Oklahoma 529 offers the same flexible education savings program and tax benefits for Oklahoma families while more accurately reflecting the expanded uses...Read More

August 2, 2022 News Release Oil & Gas Revenue Skyrockets in July Charts and graphs OKLAHOMA CITY – State collections from oil and gas production again climbed to record levels in July, only a month after setting an all-time high, State Treasurer Randy McDaniel announced today as he released the latest Gross Receipts to the Treasury report. Total collections in July of $1.38 billion are 13.3 percent higher than receipts in July of last year. Receipts from the gross production tax on oil...Read More

July 5, 2022 News Release Oil & Gas Collections Reach All-Time High Charts and graphs OKLAHOMA CITY – Aided by record collections from oil and gas production, Gross Receipts to the Treasury in June and for the just-ended fiscal year show the state’s economy continues to expand in spite of current inflationary pressure, State Treasurer Randy McDaniel announced today. Collections during Fiscal Year 2022 (FY-22), which ended June 30, are $16.46 billion, up by 15 percent from Fiscal...Read More

June 3, 2022 News Release Inflation Takes Toll on State Economy Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury in May reflect the dampening effect of inflation on the Oklahoma economy, State Treasurer Randy McDaniel announced today. May gross receipts of $1.3 billion are up 5 percent from a year ago, the slowest rate of growth in 10 months. The current annual inflation rate is 8.3 percent. Energy prices are up 30.3 percent over the year and food costs are up 9.4...Read More

May 17, 2022 News Release Oklahoma 529 College Savings Plan offers $50 Bonus to celebrate National 529 Day Oklahoma City – Oklahomans can celebrate National 529 Day with a special $50 bonus offer on new Oklahoma 529 College Savings Plan (OCSP) accounts opened from Tuesday, May 24 through Friday, June 10.1 State Treasurer Randy McDaniel said the bonus offer for new OCSP accounts should spark interest from parents and grandparents across the state. He noted the tax benefits and flexibility of the plan make it a valuable way to save now...Read More

May 3, 2022 News Release April Collections Shatter Record High Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury in April surged to a record high driven by income tax payments, but other indicators point to a cautionary outlook, State Treasurer Randy McDaniel announced today. April gross receipts of $2.04 billion, an all-time high, are up 37 percent from a year ago and mark the first time collections for any month have topped $2 billion. The previous record was $1.58 billion set...Read More

April 21, 2022 News Release McDaniel Authors Financial Education Book OKLAHOMA CITY – State Treasurer Randy McDaniel announced today the online publication of a book he has authored – The Power of Financial Education: Turning Your Dreams into Reality. It is available for free by visiting the treasurer’s homepage, www.treasurer.ok.gov. “The Power of Financial Education will help readers discover the secrets to eliminating debt, building an emergency fund and preparing for...Read More

April 5, 2022 News Release Economic Growth Accelerates in March Charts and graphs OKLAHOMA CITY – March Gross Receipts to the Treasury point to accelerating economic expansion in Oklahoma, pushed along by wage growth and rising inflation, State Treasurer Randy McDaniel announced today. March gross receipts of $1.38 billion are up by almost 23 percent compared to the same month of last year. That is a record high for March collections. Twelve-month receipts of $15.87 billion, also a record high,...Read More

March 3, 2022 News Release Ukrainian War Clouds Economic Future Charts and graphs OKLAHOMA CITY – February Gross Receipts to the Treasury show Oklahoma’s economy continues to expand, but the Russian invasion of Ukraine raises many concerns including inflationary pressure, State Treasurer Randy McDaniel said today. February gross receipts of $1.06 billion are up by almost 12 percent compared to the same month of last year. That is a record high for February collections but...Read More

February 25, 2022 News Release McDaniel to Lead National Financial Education Panel OKLAHOMA CITY – Oklahoma State Treasurer Randy McDaniel has been appointed chair of the Financial Education and Empowerment Committee. The appointment was made by Connecticut State Treasurer Shawn Wooden, president of the National Association of State Treasurers. The panel, composed of nine state treasurers from across the nation, promotes public policy and initiatives to help increase personal financial education and...Read More

February 3, 2022 News Release New Year Sees Gross Receipts Swell Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury show Oklahoma’s economy is doing very well at the start of the new year, State Treasurer Randy McDaniel announced today. January gross receipts of $1.5 billion are up by more than 27 percent compared to the same month of last year. Twelve-month receipts of $15.5 billion measure growth of more than 18 percent compared to the prior period. Treasurer...Read More

January 5, 2022 News Release Holiday Season Helps Smash Revenue Records Charts and graphs OKLAHOMA CITY – A strong holiday shopping season helped push Gross Receipts to the Treasury to record highs for December and the calendar year, State Treasurer Randy McDaniel announced today. December gross receipts of $1.4 billion and 12-month receipts of $15.2 billion set new all-time highs. Compared to a year ago, December collections jumped 22 percent and revenues during 2021 expanded by more than 15...Read More

December 6, 2021 News Release State Receipts Jump as Holiday Season Begins Charts and graphs OKLAHOMA CITY – Entering the holiday season, all major revenue streams in November rose by at least double digits, pushing Oklahoma Gross Receipts to the Treasury up by almost one-fourth compared to the prior year, State Treasurer Randy McDaniel announced today. November gross receipts of $1.19 billion and 12-month receipts of $14.92 billion eclipsed collections from prior years. November receipts are up...Read More

November 2, 2021 News Release State Economy Expands as Energy Prices Surge Charts and graphs OKLAHOMA CITY – Rapidly rising crude oil and natural gas prices helped push Oklahoma Gross Receipts to the Treasury into uncharted territory in October, State Treasurer Randy McDaniel announced today. Gross receipts of $1.27 billion for October and $14.7 billion for the past 12 months set record highs yet again. Monthly receipts are up by 16 percent over the year and 12-month collections are 11.2 percent...Read More

October 5, 2021 News Release Gross Receipts Hit Record High Charts and graphs OKLAHOMA CITY – Oklahoma’s expanding economy pushed Gross Receipts to the Treasury to an all-time high as collections from the past 12 months topped $14.5 billion, State Treasurer Randy McDaniel announced today. Gross receipts for the month also set a record, reaching $1.38 billion and exceeded results from September of last year by 20 percent. “Gross receipts show improvement across...Read More

September 2, 2021 News Release Fossil Fuels Drive Gross Receipts Higher Charts and graphs OKLAHOMA CITY – Oklahoma Gross Receipts to the Treasury in August grew by almost 20 percent over the year with a rebounding fossil fuel industry leading the way, State Treasurer Randy McDaniel announced today. Total monthly gross receipts of $1.17 billion are higher than August of last year by $191.2 million, or 19.5 percent. Collections from the gross production tax on oil and natural gas are up by more...Read More

August 3, 2021 News Release July Gross Receipts Affected by Tax Filing Deadline Charts and graphs OKLAHOMA CITY – Oklahoma Gross Receipts to the Treasury in July are impacted by last year’s delayed income tax filings but show solid economic growth once the extension is taken into account, State Treasurer Randy McDaniel announced today. McDaniel said the monthly report appears negative at first glance due to a reduced bottom line of 15 percent compared to the same month of last year. However, he...Read More

July 7, 2021 News Release Gross Receipts Set Records as Economy Grows Charts and graphs OKLAHOMA CITY – Oklahoma’s expanding economy pushed Gross Receipts to the Treasury into record high territory for both 12-month revenue and June collections, State Treasurer Randy McDaniel announced today. Receipts of $14.32 billion during fiscal year 2021, which ended June 30, are the highest on record during any 12-month period in Oklahoma history. Collections of $1.54 billion from the past...Read More

June 7, 2021 News Release Gross Receipts Show State Economy Performing Well Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury indicate Oklahoma’s economy is rapidly emerging from the pandemic-driven downturn as every major revenue stream shows strong growth, State Treasurer Randy McDaniel announced today. Total collections in May generated $1.24 billion, a jump of more than 34 percent from the same month of last year. Combined receipts from the past 12 months are at an all-time high...Read More

June 1, 2021 News Release State Treasurer will not seek re-election OKLAHOMA CITY – Oklahoma State Treasurer Randy McDaniel announced that he will not seek re-election next year but plans to continue serving as treasurer until his current term ends on January 9, 2023. “It has been an honor to serve Oklahoma as state treasurer and as a state representative,” McDaniel said. “I am thankful for each opportunity and make this announcement with great appreciation for those who...Read More

May 14, 2021 News Release OK STABLE Program Tax Deduction Enacted OKLAHOMA CITY – Oklahomans who save and invest using OK STABLE, the state-sponsored ABLE Act program for people with disabilities, will now be able to deduct contributions from their state taxes, State Treasurer Randy McDaniel announced today. The tax deduction is identical to the one offered for contributions to the Oklahoma 529 College Savings Plan and will be in effect starting with 2021 income tax filing. The new law allows...Read More

May 5, 2021 News Release Gross Receipts Rise Sharply in April Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury jumped by more than 38 percent in April, driven by record oil and gas production tax collections along with increases in sales and income tax payments, State Treasurer Randy McDaniel announced today. Collections from all sources in April total $1.49 billion, up by $413.2 million from April 2020. Some increase was expected because last April was the first...Read More

April 14, 2021 News Release Oklahoma Credit Outlook Improves OKLAHOMA CITY – Saying Oklahoma state government has done well managing its finances during the pandemic, Standard & Poor’s Global Ratings has revised the state’s outlook from negative to stable, State Treasurer Randy McDaniel announced today.  S&P had placed the state on negative outlook at the start of...Read More

April 6, 2021 News Release Gross Receipts Rise in March Charts and graphs OKLAHOMA CITY – For only the second time in the past year, Gross Receipts to the Treasury in March climbed above collections from the same month of the prior year. Receipts were propelled upward by rising oil and gas revenue, State Treasurer Randy McDaniel announced today. Collections from all sources in March total $1.1 billion, up by $35.1 million, or 3.2 percent, from March 2020. The last time monthly...Read More

March 2, 2021 News Release Total Receipts Down, Sales Tax Up Charts and graphs OKLAHOMA CITY – February Gross Receipts to the Treasury are down by less than one percent compared to collections from last year, but sales tax receipts are up by almost 8 percent, State Treasurer Randy McDaniel announced today. Collections from all sources in February total $950.8 million, down by $6 million, or 0.6 percent, from February 2020. Since March of last year, monthly gross receipts have been...Read More

February 3, 2021 News Release Gross Receipts Slip to Start the Year Charts and graphs OKLAHOMA CITY – January Gross Receipts to the Treasury dropped by almost six percent compared to monthly collections from January of last year. This is the largest one-month revenue reduction in eight months, State Treasurer Randy McDaniel announced today. Collections from all sources in January total $1.19 billion, down by $72.1 million, or 5.7 percent, from January 2020. Combined gross receipts from the...Read More

January 7, 2021 News Release Gross Receipts Show Slowdown in 2020 Charts and graphs OKLAHOMA CITY – As the state endured a pandemic, high unemployment and an oil downturn, Gross Receipts to the Treasury show the Oklahoma economy pulled back by almost four percent during calendar year 2020, State Treasurer Randy McDaniel announced today. Collections from all sources in calendar year 2020 reached $13.19 billion, down by $520.9 million, or 3.8 percent, from calendar year 2019. Gross...Read More

December 6, 2020 News Release Energy Sector Hit Hard in November Charts and graphs OKLAHOMA CITY – Diminished oil field activity is having a significant impact on the Oklahoma economy, State Treasurer Randy McDaniel announced as he released the Gross Receipts to the Treasury report for November. Collections from all sources in November total $970.5 million, below receipts from a year ago by more than $19 million, or almost two percent. Combined receipts from the past 12 months of $13.2...Read More

November 5, 2020 News Release Income Revenue Drops Amidst Downturn Charts and graphs OKLAHOMA CITY – Oklahoma Gross Receipts to the Treasury continued their slide in October as individual income tax collections dropped by 7.5 percent, indicating the state’s economic downturn has yet to subside, State Treasurer Randy McDaniel announced on Thursday. October receipts from all sources total $1.1 billion, down by more than $47 million, or 4.1 percent, from October of last year. Combined...Read More

October 5, 2020 News Release Economic Trends Continue in September Charts and graphs OKLAHOMA CITY – Three of the state’s four major revenue streams show contraction in September’s Gross Receipts to the Treasury report, similar to the picture seen in total collections during the past 12 months, State Treasurer Randy McDaniel announced on Tuesday. September receipts from all sources total $1.15 billion, down by almost $8 million, or just less than one percent, from September...Read More

September 3, 2020 News Release Energy Sector Pullback Pushes Gross Receipts Lower Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury slipped by almost five percent in August with oil and gas production taxes the primary driver, State Treasurer Randy McDaniel announced on Friday. August receipts from all sources total $979.5 million and are below collections from August 2019 by $47.3 million, or 4.6 percent. It marks the fifth time since February, the start of the national recession, that...Read More

August 4, 2020 News Release Delayed Tax Filing Deadline Boosts Gross Receipts Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury jumped by more than 25 percent in July due primarily to the delayed income tax filing deadline, State Treasurer Randy McDaniel announced on Wednesday. July receipts from all sources total $1.43 billion and exceed collections from July 2019 by $306.1 million, or 27.2 percent. It marks only the second time in six months that total receipts have topped those of...Read More

July 2, 2020 News Release Signs of Economic Resiliency and Concern Charts and graphs OKLAHOMA CITY – In spite of a sharp downturn in oil and gas production tax collections, the Oklahoma economy displayed signs of resiliency in June, State Treasurer Randy McDaniel said as he released the monthly Gross Receipts to the Treasury report. Total receipts in June topped $1.1 billion and were below collections from June 2019 by $56.4 million, or 4.9 percent. This is marked improvement from April...Read More

June 3, 2020 News Release Pandemic Continues to Strike Oklahoma's Economy Charts and graphs OKLAHOMA CITY – The coronavirus pandemic continued to make its presence known in this month’s Oklahoma Gross Receipts to the Treasury, State Treasurer Randy McDaniel announced as he released data showing a 14 percent drop in May revenue collections. Gross receipts for May total $923.1 million, down by $150.5 million from May of last year. “The Oklahoma economy, as reflected in state...Read More

May 6, 2020 News Release Coronavirus Strikes State Gross Receipts Charts and graphs OKLAHOMA CITY – April Gross Receipts to the Treasury plunged by more than half a billion dollars as the coronavirus pandemic disrupts Oklahoma’s economy, State Treasurer Randy McDaniel announced. Gross receipts in April total $1.08 billion, a drop of $502.5 million, or 31.8 percent, from April 2019. The economic impact of the pandemic is spread across all major revenue streams, but is most...Read More

April 3, 2020 News Release Oklahoma Gross Receipts Poised to Fall Charts and graphs OKLAHOMA CITY – Oklahoma Gross Receipts to the Treasury in March show the calm before the storm. As has been the case for several months, they indicate slight overall growth, but with slowing sales tax collections and reduced oil and gas production, State Treasurer Randy McDaniel announced on Friday. “This month marks the end of almost three years of economic growth,” said Treasurer McDaniel....Read More

March 17, 2020 News Release State Treasurer Announces COVID-19 Containment Efforts OKLAHOMA CITY – Effective Wednesday, March 18, the lobby of the Office of the State Treasurer will be closed to the public until further notice, State Treasurer Randy McDaniel announced today. McDaniel said the action is being taken to limit the spread of COVID-19, protect the health of the public and treasury employees, and ensure continuity of operations. “The critical operations of the treasurer’s office are...Read More

March 4, 2020 News Release Slide Resumes for Oklahoma Gross Receipts Charts and graphs OKLAHOMA CITY – After recording modest growth for two months, total Gross Receipts to the Treasury returned to negative territory in February, pushed down by shrinking sales, gross production, and motor vehicle tax collections, State Treasurer Randy McDaniel announced today. February total monthly collections were $956.8 million, down by $14.7 million, or 1.5 percent, from February 2019. Collections...Read More

February 25, 2020 News Release Oklahoma 529 College Savings Plan Reduces Fees OKLAHOMA CITY – The already low fees for the Oklahoma 529 College Savings Plan are getting even lower, State Treasurer Randy McDaniel announced today. Effective this month, the management fee for Oklahoma’s official college saving plan is being reduced by more than 16 percent. The new management fee will be 0.25 percent on account balances, down from 0.3 percent. The fee reduction could save OCSP account owners a combined total of...Read More

February 7, 2020 News Release Use Taxes Bring Bright Spot to Otherwise Flat Gross Receipts Charts and graphs OKLAHOMA CITY – Collections of the use tax on out-of-state sales, including online purchases, set a record high in January, while total revenue remained relatively flat, State Treasurer Randy McDaniel announced today. January total monthly collections were $1.26 billion, up by $17.4 million, or 1.4 percent, from January 2019. Use tax receipts generated $83 million, up by almost 19 percent from the...Read More

January 6, 2020 News Release 2019 Gross Receipts Show Slowing Economy Charts and graphs OKLAHOMA CITY – Oklahoma Gross Receipts to the Treasury for calendar year 2019 paint the picture of a sound, but slowing state economy, State Treasurer Randy McDaniel announced today. Gross receipts during all of 2019 are 5.7 percent more than during 2018. That growth rate is down from 13.2 percent in 2018 compared to 2017. McDaniel said the slowdown becomes more pronounced when viewed...Read More

December 5, 2019 News Release November Gross Receipts Drop Charts and graphs OKLAHOMA CITY – For the first time in more than two and a half years, monthly Gross Receipts to the Treasury are less than collections from the same month of the prior year due to a number of key factors, State Treasurer Randy McDaniel announced today. November total monthly collections were $989.7 million, down by $43.8 million, or 4.2 percent, from last year. The last time monthly gross receipts...Read More

November 5, 2019 News Release October Gross Receipts Show Slow Growth Charts and graphs OKLAHOMA CITY – For a second consecutive month, October Gross Receipts to the Treasury are up by less than one percent compared to the prior year, suppressed by falling oil and gas production tax and sales tax collections, State Treasurer Randy McDaniel announced today. Total monthly collections from all sources were $1.14 billion in October, up by $6.1 million, or 0.5 percent, from last year....Read More

October 23, 2019 News Release State Credit Outlook Upgraded to "Positive" by Moody's Investors Service OKLAHOMA CITY – State Treasurer Randy McDaniel announced today that Moody’s Investors Service has upgraded the state’s credit outlook from stable to positive. The rating agency concurrently affirmed Oklahoma’s credit rating of Aa2. Moody’s action follows a meeting last month with state leaders to provide rating analysts with an update on the economy, credit trends, and policy priorities....Read More

October 11, 2019 News Release Treasurer McDaniel Elected to Board of National Treasurers' Foundation OKLAHOMA CITY – Oklahoma State Treasurer Randy McDaniel has been elected to the governing board of the foundation that supports the National Association of State Treasurers (NAST). The nomination of McDaniel was made by Connecticut State Treasurer Shawn Wooden and seconded by Wyoming State Treasurer Curt Meier. The motion was approved by acclamation of the foundation’s board on Monday. “I appreciate the...Read More

October 10, 2019 News Release Oklahoma College Savings Plans Management Opened for Competition Download Request for Proposals OKLAHOMA CITY — Management of Oklahoma’s 529 college savings plans has been opened for competition, State Treasurer Randy McDaniel announced today. Started in April 2000, the Oklahoma 529 College Savings Plan currently contains more than $925 million in more than 56,000 accounts. The Oklahoma 529 College Savings Plan is a direct-sold plan, meaning parents and grandparents make their...Read More

October 3, 2019 News Release Monthly Oil and Gas Tax Collections Drop Charts and graphs OKLAHOMA CITY – September Gross Receipts to the Treasury showed modest overall growth, State Treasurer Randy McDaniel announced today. The increase was less than one percent, driven by a downturn in oil and gas tax collections and a drop in sales tax revenues. Total monthly gross receipts from all revenue sources were $1.16 billion, up from the same month of the prior year by $3.8 million, or 0.3...Read More

September 6, 2019 News Release Gross Receipts Reflect Modest Economic Growth in August Charts and graphs OKLAHOMA CITY – August Gross Receipts to the Treasury grew by a modest 3.2 percent over collections from the same month of last year, curtailed by a slowing of oil and gas tax receipts and a slight drop in income tax collections, State Treasurer Randy McDaniel announced today. Monthly gross receipts were $1.03 billion, up by $31.7 million. Gross collections from the past 12 month topped $13.7 billion,...Read More

August 20, 2019 News Release Oklahoma 529 College Savings Plan Kicks Off Pigskin Piggybank Sweepstakes One family to win $5,529 for college   OKLAHOMA CITY – After this year’s fall football season, one Oklahoma family will have a solid game plan to save for college. The Oklahoma 529 College Savings Plan’s (OCSP) Pigskin Piggybank Sweepstakes kicks off this week. The winning family will receive $5,529 toward an OCSP account, and OCSP will kick in $5,529 to the winner’s school.  “Fall is...Read More

August 8, 2019 News Release Gross Receipts Reveal Signs of Moderation as Overall Growth Continues Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury in July are showing signs of moderation in the Oklahoma economy, even as total collections continue to grow, State Treasurer Randy McDaniel announced today. Gross Receipts to the Treasury in July topped $1.1 billion, up by 9.5 percent from July of last year. Total collections from the past 12 months are near $13.7 billion, and are 11.5 percent higher than...Read More

July 19, 2019 News Release Oklahoma College Savings Plan awards Blanchard parents $5,529 for their newborn's college savings Oklahoma City – A Blanchard family has an excellent start toward saving for college after being named the winner of the Oklahoma 529 College Savings Plan’s (OCSP) annual Newborn Sweepstakes. Patrick and Melissa Mayfield’s son, Zane, was randomly selected from more than 1,200 entrants to receive a $5,529 OCSP account. SSM Health St. Anthony Hospital in Oklahoma City, where Zane was born, also received a donation of...Read More

July 5, 2019 News Release Fiscal Year Gross Receipts to the Treasury Show Growth in Spite of Recent Sales Tax Drop Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury for both the month of June and Fiscal Year 2019 indicate ongoing growth in the state’s economy, but recent collection data is sending some mixed signals, State Treasurer Randy McDaniel announced today. Reports released by McDaniel’s office show overall growth of 4.7 percent in total revenue collections for the month of June, and 11.7...Read More

June 25, 2019 News Release State Treasurer's Office Prepares for Move Office to vacate Capitol Building for Renovation Work OKLAHOMA CITY – For the first time since moving into the State Capitol Building in 1917, the Office of the State Treasurer is leaving the building for an extended period of time to allow for renovation work to be completed, State Treasurer Randy McDaniel announced today. Beginning Monday, July 1, the treasurer’s provisional office will be...Read More

June 21, 2019 News Release Unclaimed Property Items to be Auctioned Next Week Coins, jewelry, collectibles to be sold OKLAHOMA CITY – Coin collections, jewelry, baseball cards, and a machete are just some of the items from some 600 abandoned safe deposit boxes scheduled for auction next week in Oklahoma City, State Treasurer Randy McDaniel announced today. The contents of the abandoned safe deposit boxes will be auctioned starting at 9 o’clock, Friday, June 28. Registration and inspection...Read More

June 6, 2019 News Release May Gross Receipts Show Economic Growth in Spite of Weather Charts and graphs OKLAHOMA CITY – Gross Receipts to the Treasury, an indicator of current economic activity in Oklahoma, continued to grow in May. This transpired in spite of devastating floods in large portions of the state, State Treasurer Randy McDaniel announced today. “Our hearts go out to the flood victims and we remain encouraged by the strength and resiliency of fellow Oklahomans during difficult...Read More

May 10, 2019 News Release New Record High for Gross Receipts Charts and graphs OKLAHOMA CITY –Gross Receipts to the Treasury reached a record high in April and demonstrate the Oklahoma economy has continued to expand, State Treasurer Randy McDaniel announced today. Reports on total state revenue collections in April and over the past 12 months show growth of more than 12 percent, McDaniel said. Monthly receipts have exceeded collections from the same month of the prior year...Read More

April 4, 2019 News Release Two Years in, Gross Receipts Continue to Grow Charts and graphs OKLAHOMA CITY – Since emerging from a downturn in March 2017, Gross Receipts to the Treasury have increased consistently each month, reflecting the strength of the Oklahoma economy, State Treasurer Randy McDaniel announced today. March receipts of $1.1 billion are 10.3 percent higher than collections from the same month of last year. Receipts from the past 12 months, at $13.3 billion, are up by...Read More

March 11, 2019 News Release One month remains to enter inaugural Change the World contest Eight winners will each receive a $1,529 OCSP account; eight schools to receive $500 OKLAHOMA CITY – If your son or daughter has ever stared you straight in the face and said they are going to be an inventor or help kids by becoming a teacher, they could win a $1,529 contribution to an Oklahoma 529 College Savings Plan (OCSP) account. OCSP’s Change the World contest is for young Oklahomans who want to dream big and...Read More

March 8, 2019 News Release Gross Receipts Show Growth for 23rd Consecutive Month Charts and graphs OKLAHOMA CITY – In spite of lower oil and gas prices, Gross Receipts to the Treasury have reflected growth in the Oklahoma economy for 23 consecutive months, State Treasurer Randy McDaniel announced today. February receipts of $971.5 million are 10.7 percent higher than collections from the same month of last year. “Oklahoma’s economic expansion continues, and so far is not...Read More

February 6, 2019 News Release Lower Energy Prices Impact Gross Receipts Charts and graphs OKLAHOMA CITY – Oklahoma monthly Gross Receipts to the Treasury, while continuing to grow, are beginning to reflect the economic impact of lower energy prices, State Treasurer Randy McDaniel announced today. Gross production taxes on crude oil and natural gas remitted in January are from oil field production during November, when crude oil prices fell throughout the month. Those receipts, at just...Read More

January 9, 2019 News Release Oklahoma Gross Receipts Finish Strong in 2018 Charts and graphs OKLAHOMA CITY –Gross Receipts to the Treasury grew at a double-digit pace, increasing by more than $1.5 billion, during calendar year 2018, State Treasurer Randy McDaniel announced today. Gross receipts for 2018 were slightly less than $13 billion and grew by 13.2 percent compared to calendar year 2017 collections. During the month of December, total receipts topped $1.1 billion and were up by more than...Read More

January 2, 2019 News Release Randy McDaniel Becomes State Treasurer Photo link: https://go.usa.gov/xEgpD Photo cutline: Supreme Court Justice James Winchesterday administers the oath of office to State Treasurer Randy McDaniel Wednesday morning as his wife, Julie, holds the family Bible and other family members look on. OKLAHOMA CITY –Randy McDaniel has become Oklahoma’s 19th state treasurer. During a ceremony attended by family and friends, McDaniel was administered the oath of office by...Read More

December 28, 2018 News Release Treasurer-elect McDaniel to assume office on Wednesday OKLAHOMA CITY – Treasurer-elect Randy McDaniel will be administered the oath of office on Wednesday morning to become Oklahoma’s 19th Oklahoma State Treasurer. McDaniel was appointed by Governor Mary Fallin to complete the final two weeks of the current four-year term that will become vacant with the January 1 resignation of State Treasurer Ken Miller, who has accepted an executive position with OGE Energy Corp....Read More