|Updated: 1/10 12:06 pm
||Published: 1/10 12:05 pm
Mayor Dewey F. Bartlett Jr. said the City of Tulsa’s January sales tax revenue for mid-November to mid-December 2013, as reported by the Oklahoma Tax Commission, totaled $20,050,143, which is 3.3 percent lower than the same period a year ago and 4.2 percent below budget estimates.
Year-to-date sales tax collections are up 0.5 percent for this fiscal year compared to last fiscal year.
Use tax revenues totaled $2,095,522, up 2.3 percent from the same period a year ago, and 1.8 percent above budget estimates for the month. Year-to-date use tax collections are up 10.2 percent for this fiscal year compared to last fiscal year, and 5.8 percent above the year-to-date budget estimate.
“With sales taxes continuing to come in below original budget estimates, I have been working with city departments to identify potential savings to help offset lower sales tax revenues,” Mayor Bartlett said. “My administration has proposed $7 million in cuts to the general fund for the remainder of this fiscal year. The plan we proposed today to the City Council adopts those cuts offered by Department heads. Most are position deferrals and savings from the redistribution of personnel to cover core operations. We will have to continue monitoring expenses and revenues for the rest of the year and we are also working on budget issues for FY 15 in which we expect to address added expenses from expiring public safety grants, higher healthcare costs, funding retirement liabilities and accounting for a potential increase in County jail agreement costs.”