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Oklahoma City sales tax revenue sets record

Oklahoma City received a record $40.2 million in sales tax revenue for the August reporting period.

Sales tax was up 11.2 percent from the same month last year.

Revenue received this week reflects consumer activity in the last two weeks of June and first two weeks of July.

Accounting for the quarter-cent sales tax increase that took effect Jan. 1, city budget officials say they see economic activity -- driven by consumer spending -- increasing 4.5 percent in the period.

They say the resurgence in oil and gas underlies a diversifying local economy.

Sales tax revenue increased for the 16th consecutive month in Oklahoma City.

In Norman, sales tax revenue increased 5.7 percent.


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William Crum

OU and Norman High School graduate, formerly worked as a reporter and editor for the Associated Press, the Star Tribune in Minneapolis, and the Norman Transcript. Married, two children, lives in Norman. Read more ›