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Sales-tax receipts jump in February; officials warn one-off events can distort year‑over‑year figures
Summary
Finance staff reported February sales-tax receipts up 13.6% year over year, likely boosted by a December OU playoff game; council members cautioned that one-time events can make future comparisons appear to show a sudden drop if the event does not recur.
Finance staff told the committee on Feb. 19 that the February sales-tax check—reflecting December economic activity—was 13.6% higher than the prior February and put year-to-date receipts 1.73% ahead of last year. Staff noted a University of Oklahoma playoff game in December likely contributed to the spike.
‘‘The sales tax check…
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