Oklahoma City’s latest sales tax report shows collections fell 1.4 percent from the same month last year, reversing a positive February report and missing the budget target.
For the fiscal year, that puts sales tax at 0.9 percent growth. The city projected 3.8 percent sales tax growth for the budget year that began last July 1, but growth has lagged.
Sales tax is the single biggest contributor to the city’s annual budget.
Oklahoma City’s sales tax collections last month were up 3.8 percent from the same time in 2012.
That matched the budget target.
Use tax was up sharply in Monday’s report and is up 1.3 percent for the year-to-date.