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Owasso October sales and use tax 1.4% under budget for month but remains 3% over year to date
Summary
Finance staff reported October sales and use tax collections were 1.4% below budget for the month; despite that shortfall the city remains about 3% over budget year to date, and staff said local collections continue to trend positively compared with the state.
City finance staff reported that October sales and use tax collections for Owasso were 1.4% under the budgeted estimate for the month, but year‑to‑date collections remain approximately 3% over budget. The presenter noted recent months had exceeded expectations and said the city is "continuing to do well" relative to state trends.
Staff did not identify specific sectors driving the variance in the single month but said overall collections continue to turn heads at the state level and that the city remains in positive territory for the fiscal year. No formal action was taken on the report; it was presented for informational purposes as part of the council meeting.
