By News Director Jared Atha
Another strong month in sales tax figures for not only Elk City, but other communities as well.
During the latest meeting of the Elk City Commission, it was reported that the latest sales tax collection for the city was just over $1.2 million, a 23% increase when compared to last year.
City Manager Tom Ivester credits the increase to three things.
City Treasurer Jennifer Rainey also reported that the city’s use tax numbers saw an impressive boost as well, up 42% when compared to last year.
Other cities in the area are benefiting from the financial turnaround too. According to the Oklahoma Tax Commission, the City of Weatherford saw a 25% increase by collecting just over $1 million in sales tax revenues. The City of Clinton collected over $524,000, a 28% boost. Woodward collected just over $1 million, up 21% compared to last year.
By News Director Jared Atha
During the latest Elk City Commissioner’s proceedings, the commission received the final tax numbers for the calendar year.
City Treasurer Jennifer Rainey reported that sales tax intake was down 13% when compared to the same time a year ago, use tax was down 48 %, however the cigarette tax was up 25% when compared to last year.
City financial adviser Meredith Meacham Wilson says despite sales tax taking a dip, November was the first time this fiscal year that every city fund, with the exception of one, made a profit.