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Oklahoma City’s April sales tax summary
The April sales tax report shows General Fund collections in Oklahoma City were up 4 percent compared to the same month last year, above the monthly projection by 2.7 percent.
The April report includes collections for the last half of February and estimated collections in the first half of March, which total about $20.2 million for the General Fund. That’s around $537,000 above the projection.
April is the 10th month of fiscal year 2019. General Fund sales tax revenue is 0.2 percent (about $358,000) above the year-to-date projection.
The April report is the 23rd time in the last 24 months that Oklahoma City recorded year-over-year sales tax revenue growth. A slight decline in March snapped a streak of 22 straight months of growth.
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 $37 million in total sales tax revenue during the April reporting period, including collections for the General Fund, Police, Fire, the Zoo and Better Streets, Safer City.
Read the full April sales tax report here.
About sales tax
The overall sales tax rate in most of Oklahoma City is 8.625 percent, and 4.125 cents of each dollar in taxable sales goes to the City. Of that, 2 ¼ cents is allocated to the City’s General Fund, one cent goes to Better Streets, Safer City sales tax projects, 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.
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