Drew Butler
drew.butler@ardmoreite.com
Despite the ongoing pandemic, retail sails remain strong within the City of Ardmore. During the month of October, retail sales amounted to just over $53,000,000 and brought in a total of $1,992,000 in sales tax revenue for the city.
Finance Director Sandy Doughty said the city receives tax revenues roughly two months after the money was first spent, so they only recently received the collections from October. She said October tax collections exceeded those from September by approximately 2.5%. They were also up over the amount collected in 2019 by slightly more than 5.5%.
While the numbers are good, Doughty said sales tax collections are at only 43% of the amount budgeted for the fiscal year which runs from July 1 to June 30.