On a record-setting cold temperature November 12, about 14% of the registered voters in the City of Tulsa approved $639,000,000.00 in new taxation. About 29,000 of Tulsa’s 201,245 registered voters bothered to cast a ballot November 12. The new taxes are supposed to spend $427 million on streets/transportation, $193 million on “capital projects” and place…
DT district to get more than twice If the $639,000,000.00 tax increase passes on November 12, the money for streets will not be spent equally around the City of Tulsa. In fact, Council District 4 is slated to get more than double what will be spent in Districts 3, 5, 6 and 9 (see related…
Only five states have a higher sales tax rate than Oklahoma, according to a study by the Tax Foundation. Also, comparing average local sales tax rates, Oklahoma has the fifth largest sales tax rate – 4.42 percent. Only Alabama (5.15%), Louisiana (5%), Colorado (4.73%) and New York (4.4%) have higher average rates. Five states –…
Tulsa voters will decide the fate of three city proposals on November 12 for a sales tax increase of $639,000,000.00 that would last more than six years. The first proposition is supposed to go for streets and “transportation.” The second proposition is for capital projects (parks, public safety, vehicles, etc.) The third proposition would create…
City officials held a groundbreaking for the widening of South Mingo Road between East 71st Street and East 81st Street. South Mingo Road between East 71st Street and East 81st Street will be widened from two lanes to five lanes – two northbound lanes, two southbound lanes and a center left-turn lane, and sidewalks will…
Mayor G.T. Bynum is proposing a vote on a $639,000,000.00 tax increase to expand the size and cost of city government. Tulsans pay a sales tax of 8.517 percent with 4.5 percent going to the state, .367 percent to Tulsa County and 3.65 percent to the city. The State of Oklahoma has an average 8.92…
Oklahoma monthly tax revenues, while continuing to grow, are beginning to reflect the economic impact of lower energy prices, State Treasurer Randy McDaniel announced today. Gross production taxes on crude oil and natural gas in January are from oil field production during November, when crude oil prices fell throughout the month. Those receipts, at just…
Record-setting tax revenue for November, 12 months Lawmakers who want to raise taxes will have a weaker argument when the legislative session begins in February thanks to record-setting revenues pouring into state coffers. State Treasurer Ken Miller’s report on November tax receipts showed an increase of nearly 16 percent from November of 2017. The November…
State tax revenues surged by 14 percent in September – a new record that follows ten months of double-digit growth in a row. State Treasurer Ken Miller said gross tax receipts of $1.2 billion during the past month are the highest September total on record. Cumulative gross receipts from the past 12 months, at $12.5…