Sales tax revenues continue to climb year over year with the August report showing collections up 0.7 of a percent over the same period last year, CFO/City Clerk Jason Muninger said this week.
“We are comparing back to higher numbers now so the increases are going to be smaller, but we are continuing to see increases over last year, and that is always welcome news,” Muninger said.
Muninger said the most recent collections are $174,000 over the budgeted amount and put City coffers at $260,000 over the budgeted amount for the fiscal year, which began July 1.
“Last year at this time we had collected $1.91 million, compared to this year’s $1.92 million,” he said. “That’s an increase of .7 percent, year over year.”
The City of Bartlesville, like most Oklahoma municipalities, has seen gains in sales tax revenue for the past 16 months with just one exception, May 2022. Excess funds from the previous fiscal year were carried over into the 2022-23 Fiscal Year budget as a fund balance, which are then used as available funds to balance the 2022-23 operating budget.