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Schedule C 052012 Oklahoma Corporation Commission Form

Schedule C 052012 Oklahoma Corporation Commission Form

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'RE TALKING ABOUT. YEAH. GUYS, WE'RE TALKING ABOUT $8 MILLION. NOW. THERE'S STILL TIME FOR THAT NUMBER TO RECOVER. BUT IT COULD IMPACT FUTURE JOBS. IT'S SOMETHING WE CONTINUE TO MONITOR. WE THINK IT'S STILL GOING TO IMPROVE IN THE SECOND HALF OF THE YEAR. BUT IT'S NOT LIKELY TO MAKE UP HOW MUCH WE'VE DECLINED IN THE FIRST PART OF THE YEAR. OUR LARGEST TAX REVENUE FOR THE CITY IS SALES AND USE TAX, AND THOSE ARE THE TAXES THAT WE PAY WHEN WE BUY GOODS AND SERVICES HERE. CITY OFFICIALS SAY OKC'S SALES AND USE TAX REVENUES ARE DOWN $8 MILLION SHORT OF WHAT WAS PROJECTED. THOSE TAXES ACCOUNT FOR ABOUT 70% OF THE GENERAL FUND REVENUE. WE BUILT THE BUDGET AROUND A 2% GROWTH OVER LAST YEAR. AND THEN, AS WE'VE SEEN, OUR FIRST FIVE SALES TAX CHECKS COME IN, THEY'VE ACTUALLY BEEN RUNNING ABOUT -3% COMPARED TO WHAT WE RECEIVED THIS YEAR. AT THIS TIME LAST YEAR. WHILE THERE'S NO OFFICIAL WORD YET, THERE&#39

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