News
Monthly Sales Tax Use Tax Collections Continue Declines
ARCHIVED PRESS RELEASE: Published 12-9-2009
The November Oklahoma Tax
Commission report to the City of Tulsa shows Tulsa's major revenue
sources for general fund operations are still in steep decline. The
report, representing sales tax and use tax collected from mid-
October to mid-November, was received Tuesday.
City of Tulsa sales tax collections dropped $2,681,917 million
from $18,476,382 million to $15,794,465 million, representing a
14.5 percent drop below the previous year. The collections are 4.9
percent below budget estimate for the month.
Use taxes, which businesses and others pay on purchases of
equipment from out-of-state vendors, totaled $1,166,220 for the
reporting period, which is a 23.8 percent decline from $1,530,711,
for the same period a year ago. Collections are 15.2 percent below
the budget estimate.
The City of Tulsa has reported nine consecutive months of sales
tax collection declines, a trend that is unprecedented in the
city's history.
Mayor Dewey Bartlett, who was informed of the report on his
first day in office, said his management team will review the
general fund revenues with the Finance Department this week to
begin developing a plan of action.
