Newspaper article THE JOURNAL RECORD

Number of Restaurants, Sales about Even with Previous Year

Newspaper article THE JOURNAL RECORD

Number of Restaurants, Sales about Even with Previous Year

Article excerpt

The number of restaurants doing business in Oklahoma and their sales remains about even in the fiscal year starting last July, compared to the previous fiscal year, according to the Oklahoma Health Department and the Oklahoma Tax Commission.

Also, the restaurant business in metropolitan Oklahoma City appears to be on the same level for the previous fiscal year.

- There were 10,057 eating establishments in the state as of March 1, said the health department, which inspects and keeps records of the number of restaurants operating in Oklahoma. That is about even with the last couple of years, according to department estimates.

While the turnover of restaurants in Oklahoma is quite frequent, the department said new ones almost immediately replace those that close.

- $47.4 million in taxes have been collected on restaurant sales throughout the state from July to February of this fiscal year, said June Watts, who keeps track of the sales tax collected from restaurants in the tax commission's business tax division,

"That's about 23 percent above where we were at this time last year, but keep in mind the increase in the tax rate, so business really is flat when compared to the last fiscal year," said Watts.

- In Oklahoma City, collections from restaurants have totaled $5.2 million for the first eight months of this fiscal year. That is up 1.9 percent from $5.14 million for the same period for the fiscal year ended June 30, 1987.

Last year, the Oklahoma Legislature approved an increase in the state sales tax rate from 3.25 percent to 4 percent, amounting to an increase of 23 percent.

Therefore, sales tax collections for a given month this fiscal year have to be at least 23 percent above those for the corresponding month in the previous fiscal year for the amount of sales to be about the same on year-to-date comparisons. …

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