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Owasso sales and use tax collections above budget and prior year; January shows 9.2% increase
2212705 · January 15, 2025
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Summary
City staff reported combined sales and use tax collections at 9.2% over budget for January; sales tax alone was 9.6% over prior year and use tax 6.7% over prior year. Combined collections rose from $4.6 million last year to about $5.1 million this year, staff said.
City staff reported that combined sales and use tax collections for January were 9.2% over budget, a figure staff said reflects holiday-season activity and puts collections above last year.
Why it matters: Sales and use tax are major sources of municipal revenue; stronger-than-budgeted collections…
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