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Owasso reports March sales and use tax collections above budget
Summary
Finance staff reported March sales and use tax collections were 5% over budget. Sales tax was 4.7% over budget and prior year; use tax was 7% over budget and 8.9% over prior year. Officials said the city continues to trend ahead of statewide collections.
Carly Novozinski, finance staff, reported to council that March collections for sales and use tax arrived about 5% over budget overall. Novozinski said sales tax was 4.7% over both budget and the prior year, while use tax was 7% over budget and 8.9% over the prior year. She told council that Owasso is continuing to trend ahead of statewide collections.
Councilors responded positively to the report; staff noted some month-to-month timing shifts may account for part of the variance, but the overall trend remains positive. No specific budgetary actions were taken in the meeting transcript based on the report.
