Tulsa sales-tax revenue up 4.1 percent from year ago
BY BRIAN BARBER World Staff Writer
Saturday, December 08, 2012
12/08/12 at 4:57 AM
Tulsa's sales-tax revenue check for December was 4.1 percent bigger than the same month last year, new reports showed Friday.
The city received $19,110,236 from the Oklahoma Tax Commission, compared to roughly $18.3 million in December 2011, city Finance Director Mike Kier said.
The city had budgeted an even $19 million for the month, so it was up half a percentage point from estimates.
For the fiscal year to date, Tulsa has brought in $113.3 million in sales-tax revenue, which is about $8.85 million more than the same period last year, Kier said.
The total is one-quarter of a percent above estimates.
"There's nothing showing up that would indicate we need to revise our estimates," Kier said. "We're right on target."
The money was collected from Oct. 16 to Nov. 15, before the lucrative post-Thanksgiving buying frenzy leading up to Christmas had begun.
"We are happy to see sales-tax revenues continue to increase," Mayor Dewey Bartlett said.
"We hope that next month, when much of the holiday shopping results are included, that it will be even better."
But, Bartlett noted, Tulsa is just starting to return to revenue levels last seen in 2008, before the recession.
Original Print Headline: City sales-tax revenue up 4.1 percent from year ago
Brian Barber 918-581-8322
brian.barber@tulsaworld.com
