Sales tax dollars have not reached expectations in the first two months of the fiscal year for the City of Guthrie.
Sales tax revenue for November 2018 is down 4.67 percent (minus $25,595.43) as compared to November 2017.
For the first two months of the budget year, the City’s sales tax is down 1.94 percent ($21,294.84) as compared to the first two months of last year’s budget.
So far, the City is 5.65 percent below projection or $64,388.
In the month of November, the City received $522,446.26 in sales tax. Of the dollar amount, 417,957.01 was deposited into the General Fund (three percent) and $104,489.25 to the Capital Improvement Fund (0.75 percent).
In last year’s budget year (October 2017 – September 2018), sales tax receipts equaled $6,777,946.79 for the year and ended the year 9.76 percent higher than budgeted, or $602,947.