Newspaper article THE JOURNAL RECORD

Sales Tax Collections Up 4.3% in Fiscal Year

Newspaper article THE JOURNAL RECORD

Sales Tax Collections Up 4.3% in Fiscal Year

Article excerpt

Sales tax collections by Oklahoma City metropolitan area communities rose 4.3 percent to $144.3 million for fiscal year 1989, which ended June 30.

The 19 cities included in the Oklahoma City Centralplex recorded fiscal 1988 collections of $138.3 million. A fiscal year for incorporated cities traditionally runs from July 1 to June 30.

Statewide collections for the year, however, were down 24.8 percent to $303.5 million from $403.4 million in fiscal year 1988, according to the Oklahoma Tax Commission.

The report for distribution of taxes in August found June sales tax collections in the metropolitan area climbed 5.5 percent to $12.6 million, marking the fourth consecutive monthly increase and the 12th rise in 14 months.

In addition, sales tax collections rose 5.2 percent in the second quarter of calendar 1989 to $36.26 million, and 3.6 percent in the first half to $69.5 million.

For fiscal 1989, City of Oklahoma City collections totaled $80.1 million, up 4.1 percent from $76.96 million in 1988.

Through the fiscal year, there were only two months - January and February - which showed a decline in sales tax collections in the metro area.

The largest increases in yearly collections were reported by Spencer, Del City and The Village.

- Spencer, whose tax rate increased by 1 percent tax in November, showed a 55 percent increase in collections to $292,590 from $188,581 the previous fiscal year.

- Del City marked a 25.6 percent increase to $3.2 million from $2.58 million in fiscal 1988.

- The Village showed a 19.1 percent increase to $2 million from $1.68 million the prior year.

Only Moore and Nicoma Park showed dips in collections for the year. Moore collections fell 7.9 percent to $4.8 million from $5.2 million in fiscal 1988. Nicoma Park collections slipped 1.6 percent to $256,675 from $260,761 the prior year.

For the first half of 1989, sales tax collections in the Centralplex were up 3.6 percent to $69.5 million from $67 million during the first six months of 1988.

During the six-month period, the largest increases in collections were in Spencer and El Reno, where OKC West Livestock Market Inc. …

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