Newspaper article THE JOURNAL RECORD

December Sales Tax Collections Up for City, Metropolitan Area

Newspaper article THE JOURNAL RECORD

December Sales Tax Collections Up for City, Metropolitan Area

Article excerpt

With the best Christmas shopping season in three years, sales tax collections distributed from December business were up both for corporate Oklahoma City and 18 metropolitan area municipalities as a group.

Distributed collections reached $8.2 million in the corporate city for December business, up 7.3 percent from $7.7 million in December 1986. It was the best Christmas season report for retailers since 1984, when a total of $8.6 was distributed to corporate Oklahoma City from December business.

As a result, collections distributed to the corporate city for the first six fiscal months reached $40.6 million, up 4.4 percent from $38.9 million for the same period a year ago. That was the first July-December increase since the same period in 1984, when collections rose 4 percent from the previous year.

Increased metro area collections also indicated increased retail sales for the Christmas season with a combined 2.8 percent increase to $13.9 million from $13.5 million a year ago for 18 municipalities tracked by The Journal Record.

However, that was just part of the positive sales tax report for retailers in the metropolitan area:

- December was the sixth consecutive month of increases for corporate Oklahoma City.

- The December increase boosted the corporate city collections for calendar year 1987 to $77.3 million, up 0.35 percent from $77.07 million in calendar year 1986. The 1987 increase was the first for the corporate city since 1984.

- Of the 18 municipalities in the metro area, 11 received increased distributions based on December business - the same number that was up in November. As a result of the strong Christmas shopping season, five municipalities were up for calendar year 1987, including El Reno, Moore and The Village as well as Oklahoma City.

However, the combined 18 municipalites were down 1.4 percent for the calendar year to $135. …

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