Sales tax revenue for August is up 10.3 percent compared to the same period last year, CFO/City Clerk Jason Muninger said Monday.
“Our August deposit was $1,911,343, compared to $1,732,491 for August 2020,” Muninger said.
Muninger said the upward trend is likely due to increased local shopping and the issuance of federal and tribal stimulus funds.
“It’s impossible to say exactly why our sales tax revenue has been consistently higher compared to the same periods last year, but the increases do coincide with the issuance of stimulus funds by the federal government as well as the Cherokee Nation,” he said. “Bartlesville residents shopping locally has almost certainly had a big impact as well, a trend that we hope will continue well after the pandemic is no longer an issue.”
Photo by Tim Mossholder on Unsplash