Loading...

City of Tulsa sales tax revenue down 3 percent

City of Tulsa sales tax revenue down 3 percent

CREATED Feb 12, 2013

TULSA (KFAQ) - The city of Tulsa’s February sales tax revenue for mid-December to mid-January, as reported by the Oklahoma Tax Commission, totaled $20,605,923, down about 3 percent, or $627,086, from the same period last year.

Tulsa Mayor Dewey Bartlett says the sales tax disbursement is about 6 percent below budget estimates.  For the fiscal year to date, the City has received $154,654,370, or about 6 percent more than the same period a year earlier.
 
“A decline in monthly sales tax revenue isn’t good news, but it reinforces the need for the City to operate conservatively and continue to try and reduce costs and deliver services more efficiently,” said Mayor Dewey Bartlett.  “The Management Review Office that our administration created continues to work with several City departments to find ways to reduce costs and improve customer service.”
 
Use tax revenues for the mid-December to mid-January period totaled $2,097,623, a decline of 11.9 percent from the same period last year.  For the fiscal year to date, use tax collections total $14,622,576,  or about 6 percent more than the previous year and about 3.6 percent above budget estimates.