Alva Review-Courier -

Oklahoma City sets sales tax record amid economic upswing

 

August 15, 2018



OKLAHOMA CITY (AP) — Oklahoma City received a record $40.2 million in sales tax revenue this month, benefiting from the upswing in the local economy.

The August revenue distances the city further from recent budgets that led to staff cuts and reduced spending, the Oklahoman reported .

August is the 16th straight month of positive sales tax growth, said city budget director Doug Dowler. He said the trend shows the city's recovery "from the regional recession that occurred from mid-2015 through early 2017 is continuing."

Sales tax is the city's largest revenue source and the primary way the...



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