The July sales tax report shows General Fund collections in Oklahoma City were down 1.3 percent compared to the same month last year, missing the monthly target by 4.0 percent.

The July report includes collections for the last half of May and estimated collections in the first half of June, which total $17.9 million. That’s about $754,000 below the target. Because July is the first month of the fiscal year, this result puts General Fund sales tax revenue at $754,000 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 about $34.6 million in total sales tax revenue during the July reporting period, including collections for the General Fund, MAPS 3, Police, Fire and the Zoo.

Read the full July 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 their county’s jail tax.

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