May Sales Tax Collections Up 3.14 Percent, Due In-Part to NCAA-related Spending
Mayor Dewey Bartlett said today the City of Tulsa’s sales tax revenue for mid-March to mid-April, as reported by the Oklahoma Tax Commission, is up 3.14 percent compared to the same period last year.
Tulsa received $17,206,677. That compares to $16,682,891 for the same period a year ago.
For the year-to-date, the City has received $183,456,019, or about 2.51 percent more than for last year’s year-to-date total of $178,962,280.
The collections were 11.58 percent above budget estimates for the month. Year-to-date the collections are 4.94 percent above budget estimates.
“We saw a gain for the month that in part is likely attributable to the Round 2 and 3 games being held at the Center,” said Mayor Dewey Bartlett. “We continue to have steady growth in sales tax revenues over last year and the combined effort of the Chamber/Tulsa Sports Commission, University of Tulsa, Center and others to put Tulsa on the map are paying off.
“Better yet, we will increase our chances of being considered to host future championship events. Tulsa is in a period of economic recovery and we are thankful our resources have improved so we can invest in our city again,” Bartlett said.
Use taxes received in May is $1,586,507, which is 16.89 percent higher than the same period last year and 23.85 percent above budget estimates. For the year-to-date, use tax collections total $16,009,862, which is 9.58 percent ahead of last year and 4.27 percent above budget estimates.
Updated 05-09-2011
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