OKC expects sales tax revenues to return to normal in FY23
Households that spent federal dollars helped fuel city sales tax collections that came in 13.6% higher than projected during the first half of fiscal year 2022.
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Households that spent federal dollars helped fuel city sales tax collections that came in 13.6% higher than projected during the first half of fiscal year 2022.
Sales tax revenue up, unemployment down as Oklahoma City emerges after COVID precautions William Crum, Oklahoman © SARAH PHIPPS/THE OKLAHOMAN Fans stand in line for concessions during the minor league baseball game between the Oklahoma City Dodgers and the Sacramento River Cats at the Chickasaw Bricktown Ballpark in Oklahoma City on Thursday night. It was the first game for the Dodgers at the ballpark since Sept. 2, 2019. The metro area is returning to work and economic activity, as reflected in sales tax revenue, is through the roof — indicators of a rebound after 14 m...
Oklahoman The metro area is returning to work and economic activity, as reflected in sales tax revenue, is through the roof — indicators of a rebound after 14 months of COVID-19 precautions. The U.S. Labor Department says metro-area nonfarm employment increased 1.9%, to 634,100, from February to March. Unemployment fell to 4%. Oklahoma City sales tax revenue for the period from mid-March to mid-April set an all-time record as shoppers appeared to shake off the pandemic. Oklahoma City received $47.1 million from the Oklahoma Tax Commission last week, a 38% increase compared to the same tim...