Sales Tax

On today's StudioTulsa -- that is, on Tax Day 2017 -- we are joined by T.R.

Earlier this week, on Tuesday the 21st, the State Board of Equalization met in Oklahoma City to approve revised revenue estimates for FY 2017 and FY 2018. The revised estimates for FY 2017 are for revenues to be "under" by some $296 million, or 5.7 percent, and thus a revenue failure has been declared. This is the third time since 2000 that there have been revenue failures for the state budget in two consecutive years; it also happened in 2002-03 and 2009-10. How did the State of Oklahoma (once again) get here? And does the budget outlook for next year look any better?

Last week on our program, we spoke with two members of the Tulsa City Council about the Vision program, which was recently approved by the Tulsa City Council in unanimous vote and is likewise supported by Mayor Bartlett.

On this installment of StudioTulsa, we are talking about the Vision program, which was recently approved by the Tulsa City Council in unanimous vote, and which is now slated to appear on the April 5th ballot. Our guests are City Councilors Karen Gilbert (of District 5) and G.T. Bynum (of District 9), who both describe the Vision program in detail why also explaining why they think it's vitally important for voters to approve this program.

City of Tulsa

The Tulsa City Council is now moving forward on a $919 million capital improvement project that would continue this community's Fix Our Streets sales tax and property taxes for an additional 5 to 5.5 years in order to fund continued street construction, rehabilitation and widening projects, and a number of other capital improvement projects. Capital improvement, you ask? Well, it's not money for more police officers or more fire-fighters, as our guest notes today, but more money for the cars, trucks, and other equipment these city employees need to do their job (as but one example).

No Sales Tax Weekend

Aug 3, 2012
File photo

Oklahoma’s annual sales tax exemption weekend is underway. It started at midnight and runs through Sunday night at midnight.

During this period all sales taxes will be eliminated on apparel, up to $100. The idea was approved by the legislature in the last decade to keep Oklahoma dollars from going across the border to Texas. It was conceived as a way to help parents with back-to-school expenses, but it does not include school supplies.

Last year, the tax free weekend cost $6.9 million dollars to state coffers.