OKC Civic Affairs

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Sales tax jumps in latest report

by William Crum Published: May 12, 2014
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Sales tax revenue flowing to Oklahoma City is up 8 percent over May 2013.

Doug Dowler, OKC’s budget director, said the latest report “far exceeded our expectations.”

Sales tax is the largest single source of revenue and an indicator of the city’s ability to provide adequate police and fire protection, parks, code enforcement and other day-to-day services.

The city received $35.2 million in its May sales tax check.

An additional $4.6 million in use taxes was collected for goods — such as drill pipe and medical equipment — purchased elsewhere for use in Oklahoma.

The latest check means sales taxes are up 2.4 percent year-to-date, still short of the projected growth of 3.8 percent, but an improvement over last fall’s slow pace.

Meanwhile, use taxes and fines are running ahead of projections.

Those trends lead Dowler to say overall revenue growth could come close to projections by the time the fiscal year ends June 30.

by William Crum
Reporter
OU and Norman High School graduate, formerly worked as a reporter and editor for the Associated Press, the Star Tribune in Minneapolis, and the Norman Transcript. Married, two children, lives in Norman.
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