The Duncan Banner

Breaking News

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