Mayor Dewey F. Bartlett Jr. said today that the City of Tulsa’s November sales tax revenue for mid-September to mid-October as reported by the Oklahoma Tax Commission, totaled $18,744,231 up 1.8 percent from November 2012. Year-to-date sales tax collections are up 1.3 percent for this fiscal year compared to last fiscal year.
Use tax revenues totaled $2,129,908, up 22.1 percent from the same period in 2012, and 18.5 percent above budget estimates for the month. Year-to-date use tax collections are up 9.3 percent for this fiscal year compared to last fiscal year, and 3 percent above the year-to-date budget estimate.
“We know that sales tax collections fluctuate from month to month and that is why we continue to implement cost-savings measures and efficiencies throughout the city to positively impact the general fund,” Mayor Dewey Bartlett said. “The City of Tulsa is in good condition and we are pleased to see revenues are up for the month.”
Although sales tax receipts for the month were slightly below budget predictions, use tax sales were greater than anticipated, which puts the city up $100,000 in the general fund for the month.
Bartlett added, “We will continue to work closely with the Finance Department to monitor our revenue intake and control our spending so that we continue to live within our means. I am also pleased to report that we have entered this year with $16 million in reserves, combining the Rainy Day Fund and operating reserve.”