The September sales tax report shows General Fund collections in Oklahoma City were up 1.9 percent compared to the same month last year, missing the monthly target by 1 percent.
The September report includes collections for the last half of July and estimated collections in the first half of August, which total about $18.6 million. That’s around $186,000 below the target. September is the third month of the fiscal year, and General Fund sales tax revenue is about $1 million below the year-to-date target.
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 $35.3 million in total sales tax revenue during the August reporting period, including collections for the General Fund, MAPS 3, Police, Fire and the Zoo.
Read the full September 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.
• Follow the City of Oklahoma City on Twitter, Facebook, and Instagram.
• Watch City Channel 20 on Cox Cable or live anywhere on YouTube.
Media Contact: Kristy Yager
297-2550 / 863-2831
kristy.yager@okc.gov