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Staff reports stronger tax receipts, proposes $7,000 hotel feasibility study
Summary
Staff reported June tax collections up 13% year-over-year and fiscal-year collections up 3%; they proposed a consultant-led hotel feasibility study (about $7,000) for South Broken Arrow to inform development outreach.
Staff presented the budget report, saying June tax collections were up 13% compared with June of last year and that fiscal year collections were about 3% higher overall. Staff noted there were unspent funds returning to reserves and described recently completed projects and software (SparkLoft, Zartico) to help measure economic impact.
Staff also described a planned hotel feasibility study with a consultant for South Broken Arrow, estimating the contract at a little over $7,000. The study will analyze demand, traffic counts and development context to inform whether a new hotel is feasible and to support outreach to potential developers and hotels.
