Weak revenues may force OKC to revise budget
5 August 2009
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(No Likes Yet) Loading ...From The Daily Oklahoman:
The national recession continues to be reflected in Oklahoma City sales tax revenue and could cause the city council to revise its budget, City Manager Jim Couch told council members Tuesday.
General fund sales tax revenues for July were $13.8 million, or 12.5 percent below expectations and 9.7 percent below July 2008 revenue. The July sales tax report includes taxes paid by consumers in the second half of May and estimated collections for the first half of June.
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