Mayor Dewey F. Bartlett Jr. said today that the City of 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.
“We 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,” said Mayor Dewey F. Bartlett Jr. “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.
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.