Tulsa sales tax is below projections

December 19, 2013

Tulsa’s December sales tax revenue for mid-October to mid-November as reported by the Oklahoma Tax Commission, totaled $19,142,866, which is 0.2 percent higher than the same period last year and 3.1 percent below budget estimates.

Year-to-date sales tax collections are up 1.2 percent for this fiscal year compared to last fiscal year.

Use tax revenues totaled $2,215,534, up 23.5 percent from the same period in 2012, and 24.8 percent above budget estimates for the month. Year-to-date use tax collections are up 11.7 percent for this fiscal year compared to last fiscal year, and 6.5 percent above the year-to-date budget estimate.

For the month, receipts in the general fund are less than expected for sales tax but greater than anticipated for use tax. When taken together, they are $90,000 more than the December budget estimate for the general fund.