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KEN MILLER OKLAHOMA STATE TREASURER www.treasurer.ok.gov January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other

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Page 1: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

January Gross ReceiptsFebruary 2017 – January 2018

Dollar Variance in Millions

Income TaxSales TaxGross ProductionMotor VehicleOther

Page 2: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

12-Month Gross Receipts/Oil & Gas EmploymentO

il & G

as E

mpl

oym

ent

12-Month G

ross Receipts

12-Month Gross Receipts (in $ billions)

Oil & Gas Employment (in thousands)

Page 3: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

Oklahoma GDP by Quarter

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Page 4: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

OK Stock Composite Index

Avg. price

Page 5: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Gross Production Collections(in

milli

ons)

Prior 12 months

Current 12 months

Page 6: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Oil and Gas Activity

Act

ive

Rigs Price

Natural Gas Crude Oil

Page 7: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Unemployment

OK - 4.1%U.S. - 4.1%

U.S.Oklahoma

Page 8: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Appropriated Budgets

($ millions)(proposed)

Page 9: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Core Four: Education

Oklahoma: $8,990Border States: $10,334U.S. Average: $11,392

Sources: Price parity adjusted FY-15 per pupil common education spending, all sources, U.S. Census Bureau, BEA

Page 10: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

2018’s Most & Least Educated States

Sources: 2018’s Most & Least Educated States in America, WalletHub

Page 11: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Core Four: Health Care

Oklahoma: $5,643Border States: $6,417U.S. Average: $5,736

Sources: Price parity adjusted FY-14 spending per Medicaid enrollee, Centers for Medicare and Medicaid Services, BEA

Page 12: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Health Outcomes

Source: Composite Measure, America’s Health Rankings 2017, United Health Foundation

Page 13: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Core Four: Transportation

Sources: Price parity adjusted FY-15 state and local spending per lane mile, U.S. Census Bureau, Federal Highway Administration, BEA

Oklahoma: $12,215

Border States: $12,750

U.S. Average: $19,202

Page 14: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Deficient Bridges

Source: 2017 National Bridge Inventory Database, U.S. Department of Transportation

Page 15: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Core Four: Public Safety

Sources: Price parity adjusted FY-15 state and local per capita spending for police and corrections, U.S. Census Bureau, BEA

Oklahoma: $516Border States: $513U.S. Average: $570

Page 16: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Female Incarceration Rates

Source: Bureau of Justice Statistics, National Prisoner Statistics, U.S. Census Bureau, female incarceration rate per 100,000 residents

Page 17: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Male Incarceration Rates

Source: Bureau of Justice Statistics, National Prisoner Statistics, U.S. Census Bureau, male incarceration rate per 100,000 residents

Page 18: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Per Capita Personal Income

Source: BEA, State Per Capita Personal Income, 2016

Oklahoma: $45,682Border States: $45,018U.S. Average: $49,571

Page 19: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov

Price Parity Adjusted PCPI

Source: BEA, Price Parity adjusted State Per Capita Personal Income, 2016

Oklahoma: $50,814Border States: $48,073U.S. Average: $49,571

Page 20: January Gross Receipts - EEDA · January Gross Receipts February 2017 – January 2018 Dollar Variance in Millions Income Tax Sales Tax Gross Production Motor Vehicle Other KENMILLER

Stay informed

KEN MILLEROKLAHOMA STATE TREASURERwww.treasurer.ok.gov