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The City of Broken Arrow has released its latest financial newsletter, titled “Thrive! Your Money at Work.” The report illustrates in detail how the City generates revenue and how tax dollars are spent. It also details projects the City will work on in Fiscal Year 2018, along with updates on Fiscal Year 2017 projects.
Thrive! breaks down how Broken Arrow residents’ sales and property (ad valorem) taxes are divided among the state, Tulsa or Wagoner county and the City. A new addition this year shows the cost of employing one police officer, firefighter paramedic or street maintenance worker and shows the amount of taxable sales that must be made in the City to pay their salary and benefits.
For example, Broken Arrow stores must sell more than $13 million in goods and services to keep ONE police officer on the force for a year.
“It’s important for citizens to know where their tax dollars are going, and we hope this helps them gain a greater understanding of how the City operates,” said City Manager Michael Spurgeon. “Regarding sales tax, the financial newsletter shows you that the majority of that 8 or 9 percent sales tax is going to the state – not to the City.
Spurgeon stressed the importance of shopping local to keep that sales tax revenue in the City.
“If you’re a Broken Arrow resident and you’re shopping in Tulsa or Bixby, you’re paying for their police and roads instead of Broken Arrow’s,” he said.
The newsletter also details the status of parks and recreation, streets, public safety and utility projects.
Thrive! is currently being mailed to every household in the City and is available online at www.BrokenArrowOK.gov/YOURMONEY.