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General Revenue Fund, What's That?

The General Revenue (GR) Fund is the principal funding source for most Oklahoma government operations. Any revenue that is not restricted for a specific purpose flows into the general fund. The Legislature may direct money out of this fund for any legal purpose of the government. 

In budget year 2013, the biggest contributors to the General Revenue Fund were personal and corporate income taxes (46 percent) and sales taxes (34 percent). Dozens of smaller taxes and fees made up the rest. Total General Revenue collections in that year were $5.6 billion. 

The Legislature can budget up to 95 percent of the estimated General Revenue for the coming year (see Revenue Estimates). In budget year 2015, 80 percent of the money budgeted by the Legislature came from General Revenue.

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