Sales Tax Revenue Up for Tulsa
The City of Tulsa’s May sales tax check, which covers the period from mid-March 2014 to mid-April 2014, as reported by the Oklahoma Tax Commission, totaled $19,925,272, which is up 3 percent from last year and 2.4 percent above budget estimates. Year-to-date sales tax collections are up 0.8 percent for this fiscal year compared to last fiscal year but 2.7 percent below budget estimates.
MAYOR BARTLETT: “We are glad that sales tax collections are up for this month compared to a year ago, and yet for the fiscal year we are seeing collections less than one percent over the previous year. We must continue to live within our means by budgeting cautiously and prioritizing services at affordable levels.”
Use tax revenues totaled $2,275,943, which is up 12.2 percent from the same period a year ago, and 18.8 percent above budget estimates for the month. Year-to-date use tax collections are up 12.4 percent for this fiscal year compared to last fiscal year, and 9.8 percent above the year-to-date budget estimate.