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Owasso reports June sales and use taxes above budget; year-to-date collections exceed expectations
Summary
City finance staff reported June sales and use tax collections were 6.6% over budget, putting year-to-date collections 3.2% over budget; sales tax and use tax both exceeded prior-year and budget figures.
Finance staff reported that June collections for sales and use tax exceeded budget expectations and that year‑to‑date results were ahead of budget.
Carlinga Vazquez reported June sales and use tax collections were 6.6% over budget, bringing total collections for the fiscal year 3.2% over budget. Vazquez said sales tax alone was 2.6% over budget and 2% above the prior year, while use tax was 7.6% over budget and 7.2% over the prior year.
Councilors reacted positively to the figures; no formal action was taken on the report, which is informational and will be part of ongoing revenue monitoring.
