After passing one of the biggest tax increases in Tulsa history, sales tax revenue for the fiscal year has shown virtually no growth.
The April sales tax check from the Oklahoma Tax Commission was $19,851,132, which is 3.9 percent over budget but for the fiscal, Tulsa’s receipts are $197,900,000, compared with $195,700,000 for the previous fiscal year.
That’s a 1 percent increase.
Use taxes for April totaled $1,871,081.
Use tax collections for the fiscal year are lower than one year ago. The use tax total since July 2015 is $19.6 million compared with $20 million for the same period last year, showing a two percent decrease.
On April 5, Tulsa voters approved an $884,100,000.00 sales tax increase that was promoted by Mayor Dewey Bartlett and all nine city councilors.
“Although sales and use tax revenues were positive this month, we are still trying to recover revenue from the repeated decrease in sales and use tax receipts this fiscal year,” Bartlett said. “Cost savings is of the upmost importance as we continue to close our budget gap for the current year and plan for next fiscal year.”
Finance Director Mike Kier said, “Total collections for the fiscal year remain below the budget and growth rate excluding a decrease in the fee paid to the Oklahoma Tax Commission, which remains in the neighborhood of 0.6 percent.”
Sales tax and use tax collections provide two-thirds of the City of Tulsa’s general fund.