Oklahoma City Sales & Use Tax Collections

[Laramie]

August 31, 2022

The August report includes tax collections for the last half of June and estimated collections in the first half of July. August is the second month of fiscal year 2023.

Sales tax summary

General Fund sales tax collections for August were about $27.1 million. That’s around $1.8 million (7.2%) above the projection and $1.9 million (7.7%) above the same month last year.

General Fund sales tax revenue is about 7.7% (about $3.9 million) above the fiscal year-to-date projection and 8.3% (about $4.1 million) above this point last year.

Use tax summary

General Fund use tax collections, which typically fluctuate more than sales tax collections, were about $7.4 million for August. That’s around $592 thousand (7.4%) below the projection and $85 thousand (1.1%) below the same month last year.

General Fund use tax revenue is about 3.7% (about $521 thousand) above the fiscal year-to-date projection and 10.7% (about $1.4 million) above this point last year.

[Laramie]

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City Manager Report
The City of
OKLAHOMA CITY

Sales tax summary

General Fund sales tax collections for September were about $27.8 million. That’s around $2.5 million (9.9%) above the projection and $2.6 million (10.4%) above the same month last year.

General Fund sales tax revenue is about 8.5% (about $6.4 million) above the fiscal year-to-date projection and 9.0% (about $6.7 million) above this point last year.

Use tax summary

General Fund use tax collections, which typically fluctuate more than sales tax collections, were about $7.8 million for September. That’s around $1.3 million (20.7%) above the projection and $1.7 million (28.9%) above the same month last year.

General Fund use tax revenue is about 9.0% (about $1.9 million) above the fiscal year-to-date projection and 16.4% (about $3.2 million) above this point last year

Oklahoma City’s September sales and use tax summary: https://www.okc.gov/home/showpublisheddocument/30656

[Laramie]

City Manager Report
The City of
OKLAHOMA CITY

Sales tax summary

General Fund sales tax collections for October were about $27.5 million. That’s around $2.7 million (10.9%) above the projection and $2.7 million (10.9%) above the same month last year.

General Fund sales tax revenue is about 9.1% (about $9.0 million) above the fiscal year-to-date projection and 9.5% (about $9.4 million) above this point last year.

Use tax summary

General Fund use tax collections, which typically fluctuate more than sales tax collections, were about $7.5 million for October. That’s around $653 thousand (9.5%) above the projection and $1.1 million (16.9%) above the same month last year.

General Fund use tax revenue is about 9.1% (about $2.5 million) above the fiscal year-to-date projection and 16.5% (about $4.3 million) above this point last year.

Oklahoma City's October sales and use tax summary: https://www.okc.gov/Home/Components/...ce=govdelivery

[mugofbeer]

Great to see for OKC!!

[Laramie]

Oklahoma City’s November sales and use tax summary
11/22/2022

Sales tax summary

General Fund sales tax collections for November were about $26.7 million. That’s around $1.9 million (7.7%) above the projection and $1.9 million (7.7%) above the same month last year.

General Fund sales tax revenue is about 8.8% (about $11.0 million) above the fiscal year-to-date projection and 9.1% (about $11.4 million) above this point last year.

Use tax summary

General Fund use tax collections, which typically fluctuate more than sales tax collections, were about $7.6 million for November. That’s around $51 thousand (0.7%) below the projection and $436 thousand (6.1%) above the same month last year.

General Fund use tax revenue is about 7.0% (about $2.5 million) above the fiscal year-to-date projection and 14.2% (about $4.7 million) above this point last year.

Story link: https://www.okc.gov/Home/Components/...ce=govdelivery

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[April in the Plaza]

Oklahoma City’s November sales and use tax summary
11/22/2022

Sales tax summary

General Fund sales tax collections for November were about $26.7 million. That’s around $1.9 million (7.7%) above the projection and $1.9 million (7.7%) above the same month last year.

General Fund sales tax revenue is about 8.8% (about $11.0 million) above the fiscal year-to-date projection and 9.1% (about $11.4 million) above this point last year.

Use tax summary

General Fund use tax collections, which typically fluctuate more than sales tax collections, were about $7.6 million for November. That’s around $51 thousand (0.7%) below the projection and $436 thousand (6.1%) above the same month last year.

General Fund use tax revenue is about 7.0% (about $2.5 million) above the fiscal year-to-date projection and 14.2% (about $4.7 million) above this point last year.

Story link: https://www.okc.gov/Home/Components/...ce=govdelivery

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I’m wondering how much of the increase is driven by this historic inflation. Probably the lion’s share?

[chssooner]

I’m wondering how much of the increase is driven by this historic inflation. Probably the lion’s share?

But OK has been above projections for 2 years now. Can't all be inflation...

[BoulderSooner]

I’m wondering how much of the increase is driven by this historic inflation. Probably the lion’s share?

a lot

[Rover]

Inflation is a valid input, but to be fair, go back and reduce all years for the same. There should be measurements out there that are in constant dollars.

[Laramie]

Oklahoma City’s February sales and use tax summary

Post Date:03/01/2023 7:38 AM


Sales tax summary

General Fund sales tax collections for February were about $27.0 million. That’s around $994 thousand (3.8%) above the projection and $49 thousand (0.2%) above the same month last year.

General Fund sales tax revenue is about 7.9% (about $15.8 million) above the fiscal year-to-date projection and 7.1% (about $14.3 million) above this point last year.

Use tax summary

General Fund use tax collections, which typically fluctuate more than sales tax collections, were about $9.8 million for February. That’s around $54 thousand (0.5%) below the projection and $572 thousand (6.2%) above the same month last year.

General Fund use tax revenue is about 2.6% (about $1.6 million) above the fiscal year-to-date projection and 9.5% (about $5.5 million) above this point last year.

Full story link: https://www.okc.gov/Home/Components/...ce=govdelivery