COVID-19 closures, low gas prices put sales tax revenues at risk in Oklahoma

“OEPA Chairman, Dewey Bartlett Jr. with Keener Oil said local governments in Green Country will be the first to feel the effects of gas losing value.”

The impact of shutting down bars and restaurants is being felt in Tulsa as the city loses opportunities to collect sales tax revenue.

Tulsa’s Director of Finance James Wagner said those businesses make up around 13 percent of the city’s sales tax collection.

Which is about $2 million a month.

A big hit with Oklahoma being one of the few states that relies on sales taxes for operations.

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