Newspaper article THE JOURNAL RECORD

Area Sales Tax Collections Down / by 5.4%

Newspaper article THE JOURNAL RECORD

Area Sales Tax Collections Down / by 5.4%

Article excerpt

With corporate Oklahoma City down for the 17th straight month, sales tax collections for the metropolitan area fell 5.4 per cent in June from a year ago and 3.9 percent for the first six months of 1986.

The Oklahoma City metro area drop in collections was similar to the trend across the state of Oklahoma, according to reports by the Oklahoma Tax Commission. That reflects an economy that has suffered from low oil prices and agriculture problems during that period.

However, Tulsa did slightly better over the first six months, despite a drop in June.

- Corporate Oklahoma City collections on June business dropped 6.9 percent to $6.6 million, compared to $7.07 million for June 1985. The last monthly increase in the city was in January 1985.

For the first six months of 1986, collections in Oklahoma City were down 5.7 percent to $38.2 million from $40.5 million for the same period a year ago. Monthly declines included 2 percent in January, 7.2 percent in February, 5.7 percent in March, 5.2 percent in April and 6.8 percent in May.

- Metro area collections for 18 municipalities on June business fell to $11.8 million from $12.5 million last year.

For the first six months, business firms in the metro area municipalities collected $67.8 million, down from $70.6 million last year.

- Statewide, collections were down 6.4 percent on June business to $36 million from $38.5 million a year ago, and down 3.4 percent to $209.7 million for six months.

- Tulsa collections in June fell 3 percent to $8.5 million from $8.9 million last year. For six months, Tulsa gained 0.02 percent to $50.2 million because of a 2 percent increase during the first quarter. Tulsa collections were down in April and May as well as June.

In the Oklahoma City metro area, only three municipalities managed to gain from a year ago during the first six months of 1986, and only four had increases in June.

For six months, Nichols Hills collections were up 0. …

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