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9:18 am
Wed June 10, 2009

Tulsa Revenue Woes

Tulsa, OK – Tulsa sales tax revenue falls 7.5 percent in June

TULSA, Okla. (AP) Sales tax revenue for the city of Tulsa continues to decline with a drop of 7.5 percent in June.

The city received nearly $1.3 million less than in June last year.

The City Council is currently considering a budget for next year that must be approved by June 23.

Last week Mayor Kathy Taylor presented $7.6 million in budget cuts for next fiscal year that include eight unpaid furlough days for all 4,000 city employees.

Tulsa is finishing the current fiscal year with $213.7 million in sales-tax revenue. The amount is $5 million more than last year but $2.4 million less than projected.

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Information from: Tulsa World, http://www.tulsaworld.com

Copyright 2009 The Associated Press.