The Duncan Banner

Business

February 9, 2010

Duncan sales tax collections fall off

Ron Booth

OKLAHOMA CITY — The City of Duncan showed a decline of more than $300,000 in sales tax distribution from the Oklahoma Tax Commission (OTC) when comparing January of 2009 to January of 2010.

Duncan’s distribution number was $887,419.51, which is down from $1,228,711.02 in 2009. The $341,291.51 drop adds to problems that Duncan City Manager Clyde Shaw said the city is having to manage.

“Obviously, we are having to watch what we spend,” Shaw said. “It isn’t just sales tax, all revenues are down. This summer was a cool summer, so electric sales were down. It was a wet summer, so water sales were down.”

In attempt to conserve money, Shaw said that the budget is being watched very closely.

“We are delaying some purchases and we’re leaving some jobs opens,” he said. “This is going to sound terrible, but December is usually your biggest month when it comes to sales, but with this ice storm and the frantic buying that went on, there is no telling what those numbers are going to be.”

Velma was down from $34,123.47 in 2009 to $19,520.47. Loco was also down, bringing in just $759.46 from $1,289.18.

However, most area towns showed an increase over 2009. Marlow was up from $142,253.18 to $154,415.82, while Waurika was up from $29,817.30 with $33,859.41. Comanche got $38,774.70 up form $37,078.89 the previous year.

Bray showed a gain bringing in $1,438.22 in 2010 compared to $1,099.99. Addington collected $259.40 compared to 2009’s $207.90.

The January distribution primarily represents local tax receipts from November business. Companies that remit more than $2,500 monthly in sales tax receipts are required to file and pay electronically. The monies they reported this period represent sales from Nov. 16 to Nov. 30 and estimated sales from Dec. 1 to Dec. 15.

The disbursement of $107,380,798 in sales tax collections was returned to 505 cities and towns reflecting a decrease of $14,437,469 from the $121,818,267 distributed to 505 cities and towns in January last year. The use tax disbursement of $7,836,789 was distributed between 368 cities and towns.

In county returns, 74 counties shared in a $22,122,268 sales tax disbursement. The use tax disbursement of $1,661,115 was distributed between 69 counties.



— Ron Booth is the managing editor for The Duncan Banner. He can be reached at 580-255-5354, Ext. 166, or via e-mail at ron.booth@duncanbanner.com.

Text Only
Business
  • Resale Haven opens for business Women's Haven opens 'Resale Haven' store

    After more than two years of planning and several long hours of preparation, Resale Haven, a vision of Women’s Haven, opened its doors just over a month ago.

    January 9, 2012 1 Photo

  • Women business owners should have retirement plans

    If you’re a woman who owns a small business, you’ve got plenty of company. In fact, women own more than 10 million U.S. companies, and women-owned businesses account for about 40 percent of all privately held firms in the U.S., according to the Center for Women’s Business Research.

    October 4, 2011

  • Comanche City Manager Tom Arnold resigns

    During a special meeting of the Comanche City Council Monday evening, City Manager Tom Arnold tendered his resignation, effective immediately.

    September 1, 2011

  • DAEDF Banquet Banquet offers the State of DAEDF

    The annual Duncan Area Economic Development Foundation (DAEDF) banquet Thursday night was a distinguished affair. Dignitaries from all walks of government and county were present as well as DAEDF board members, visible community members and business owners.

    March 4, 2011 1 Photo

  • P.M. Update: Halliburton offers transition packages to some at tech center

    September 30, 2010

  • Lyle Roggow Duncan plays host to GEDMT conference

    This past week, Duncan hosted the Governors Economic Development Marketing Team’s (GEDMT) annual retreat and educational meetings. There were 50 Economic Development professionals from communities across Oklahoma and the business/industrial recruiters from the Oklahoma Department of Commerce in attendance for the two day meeting. This allowed Duncan to show off our community and the wonderful assets we have available.

    July 17, 2010 1 Photo

  • Debbie Sledge Gathering an eclectic collection for those who like to shop

    Debbie Sledge’s roots are definitely in Duncan, going back to the days of a great-grandfather, but a move to Texas was inspiration for a business she opened when she returned.

    May 8, 2010 1 Photo

  • Pitts in Taiwan Bringing home cultural applications

    Everybody wants an “app” and sometimes the best applications are those in our direct sight.
    So imagine Elizabeth Flanders Pitts’ delight when she traveled abroad to return home with tools she already had in her skill set.

    May 2, 2010 2 Photos 1 Story

  • Lisa Rice Homemade goodness

    Scott Rice would tease his mother-in-law Betty Emmons that she needed to open a cookie store in Branson, Mo., so that when they visited, they would have a place to get fresh home-baked cookies.
    Emmons never heeded his advice, never moved to Branson.

    April 27, 2010 2 Photos

  • Tax Time ’Twas the day before

    People who turn their taxes in April 15 aren’t procrastinators, they are deadline oriented. April 15 is the last day income tax returns can be mailed and be on time.

    April 14, 2010 1 Photo