Comment on New fiscal year begins with strong sales tax results for Oklahoma City

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Tue, 07/10/2018 - 2:06pm

New fiscal year begins with strong sales tax results for Oklahoma City

By William Crum Staff Writer wcrum@oklahoman.comBusy streets, busy shops, and the hustle and bustle of metro area commerce are no illusion, judging from Oklahoma City's latest sales tax numbers. The city of Oklahoma City took in $39,842,000 the last two weeks of May and first two weeks of June, the time frame for this week's July sales tax report. Results reflect underlying growth of 8 percent in economic activity over July 2017. "This gets fiscal year 2018-2019 off to a very good start," exceeding projections, the city's budget director, Doug Dowler, said Tuesday. Significant takeaways: • 15 percent: Overall monthly growth in sales tax revenue over July 2017. • $21.7 million: The share of July sales tax revenue allocated to the general fund, the primary account for day-to-day expenses.Read more on NewsOK.com

 

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