The city sales tax check for the month of June, which includes mid-April 2014 to mid-May 2014, was much bigger than anticipated.
The city says the revenues for that period are up 5.9 percent from last year and 4.3 percent above budget estimates. Year-to-date sales tax collections, the city added, are up 1.2 percent for this fiscal year compared to last fiscal year but 2.1 percent below budget estimates.
Tulsa Mayor Dewey Bartlett tells KRMG it’s good news to see the increase and that it’s a sign of a strong economy.
“The local economy has always been good, now it’s kicking in even more.” Bartlett said.
Also, use tax revenues totaled $1,883,622, which is up 9.3 percent from the same period a year ago, but 2 percent below budget estimates for the month. Year-to-date use tax collections are up 12.1 percent for this fiscal year compared to last fiscal year, and 8.8 percent above the year-to-date budget estimate.