There are more ways than ever to stay updated on City of OKC news and events.

Check out our news releases below. You can also engage with us on social media, subscribe to our email newsletter and news alerts and download our smartphone apps. You can watch City of OKC news programs and more on Cox Channel 20, which is streamed live on our YouTube channel.

Oklahoma City's February sales tax report

Post Date:03/01/2017 11:40 AM

The February sales tax report shows General Fund collections in Oklahoma City were down 5.8 percent compared to the same month last year, below the monthly projection by 3.9 percent.

The February report includes collections for the last half of December and estimated collections in the first half of January, which total about $18.1 million for the General Fund. That’s around $733,000 below the projection.

February is the eighth month of the fiscal year, and General Fund sales tax revenue is about 0.7 percent (about $1 million) below the amended year-to-date projection.

General Fund sales tax revenue has declined compared to the same month the previous year in 16 of the last 17 months, including 10 in a row.

The General Fund pays for the City’s day-to-day operations. Sales tax is the City’s largest single source of revenue.

The City collected around $35.1 million in total sales tax revenue during the February reporting period, including collections for the General Fund, MAPS 3, Police, Fire and the Zoo.

Read the full February sales tax report here.

About sales tax

The sales tax rate in Oklahoma City is 8.375 percent, and 3.875 cents of each dollar in taxable sales goes to the City. Of that, two cents is allocated to the City’s General Fund, one cent goes to MAPS 3, three-fourths of a cent is dedicated to Police and Fire, and one-eighth of a cent goes to the Zoo. The rest of the sales tax belongs to the state.

Note: Oklahoma City businesses located in Cleveland and Canadian Counties collect a slightly higher sales tax rate due to County sales tax. 

###

Media Contact
Kristy Yager
(405) 297-2550 / (405) 863-2831
kristy.yager@okc.gov

Return to full list >>

Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.

Acrobat Reader Flash Player QuickTime Windows Media Player Microsoft Silverlight Word Viewer Excel Viewer PowerPoint Viewer