BARTLESVILLE, Okla. - Bartlesville's sales tax receipts are back up in December following a dip into the negative last month.
The city of Bartlesville in December received more than $1.3 million in sales tax revenues from the State of Oklahoma, marking slightly more than a 2 percent increase when compared to receipts in December last year.
Last month, the city experienced more than a 3 percent decrease compared to last year.
“After last month's brief contraction in sales tax revenues, this small increase is welcome news, especially as the City's collections are approaching the period closely associated with the Christmas shopping season,” said City of Bartlesville Finance Director Mike Bailey.
December's revenues only derived from sales occurring mostly in the last half of October and estimated sales for the first half of November, next month's receipt will include the collections from Black Friday, and the following month, the bulk of the rest of the Christmas spending, he said.
“Hopefully this increase bodes well for this upcoming critical tax revenue period.”
Bartlesville's sales tax revenues have increased by more then 4 percent from the same 6-month period last year and more than 5 percent above the 5-year average for the same period.
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Bartlesville Regional United Way recently announced the results of United Way’s annual report for 2011.