City Of Tulsa Issues Sales Tax Totals For Fiscal Year 2010-11

Wednesday, June 8th 2011, 4:38 pm
By: News On 6

TULSA, Oklahoma -- June sales tax collections are up 2.7 percent, according to a release by the City of Tulsa. The revenue is for mid-April to mid-May and has increased compared to the same period last year.

Tulsa received $16,455,933 compared to $16,021,498 in 2010. That is 7.5 percent above budget estimates for the month.

This month's check is the final one for the City's fiscal year. Tulsa's total for the fiscal year is $199,911,952, about 2.5 percent more than last year's total of $194,983,778.

While sales tax for the year improved compared to last year, it is still 6.5 percent less than the collections the city received two years ago.

The proposed budget for fiscal year 2011-2012 is based on the similar growth rate to the one that occurred this year, the release states.

Use tax collections received in June are up by 11.9 percent compared to last year.

For the year-to-date, use tax collections total $17,712,648, which is 11.9 percent ahead of last year and 5.4 percent above budget estimates. The $17,712,648 year to date total is 4.2 percent below the $18,482,792 the city collected two years ago in use taxes.