Friday, February 5th 2010, 7:57 pm
NewsOn6.com
SAND SPRINGS, OK -- Sand Springs City officials continued to see a loss in sales tax revenues with the Friday posting of February's sales tax disbursement - but the numbers were not as low as in recent months.
The Oklahoma Tax Commission (OTC) disbursement totaled $887,678 – down $28,082 or 3.1% from the February 2009 disbursement of $915,760. However, compared with double-digit sales tax revenue drops in recent months – including a 35% drop in January's disbursement - the more modest decline this month was a welcome relief, according to City Manager Douglas Enevoldsen.
The February disbursement reflects actual sales for the last half of December – including the Christmas holiday shopping season – and estimated sales for the first half of January.
"We still have some very serious budget issues to address in the coming weeks and months. And as we all know, one month does not a trend make," Enevoldsen said.
2/5/2010 Related Story: City of Tulsa Gets Good News With Latest Sales Tax Check
Since the beginning of the City's fiscal year last July, sales tax disbursements from OTC have totaled $6,044,927 – down $772,128 or nearly 11.3% from the same period the previous year.
Many other cities in the area also saw declines in their sales tax disbursements for February. Sapulpa's sales tax check totaled $1,003,489 – down 3.4% from the previous year. Mannford received $61.538 – down 5.6% from the previous year. Bixby received $509,055 – down 8.9%from the previous year. And, Jenks received $331,548 – down 21.8% from the previous year.
Tulsa's $17,782,439 sales tax check was down 9.9% from the previous year. And, Oklahoma City's $28,686,484 sales tax check was down 7.3% from the previous year.
Three area cities did see increases in their sales tax disbursements for February. Broken Arrow received $2,859,318 – up 4.2% from the previous year. Glenpool received $539,573 – up 17.0% from the previous year. And, Owasso received $1,660,458 – up 2.4%from the previous year.
February 5th, 2010
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