City’s sales tax revenue shoots up 14.43%

With days before Christmas, the City of Guthrie received some holiday cheer with sales tax revenues up with the latest numbers.

The December sales tax revenue, primarily sales in October, were up 14.43 percent, or $74,788.63, compared to December 2018.

The total amount collected in the month was $593,029.07. The dollar amount is the highest mark since August 2018.

In the first three months of the fiscal year (October – December), the City shows an increase in sales tax revenue of 5.16 percent compared to the same time in 2018.

To add to the holiday cheer, the City’s use tax was up a whopping 43.12 percent, or $20,958.41 as compared to the same month last year.

The total amount collected for the month was $69,562.38.

The use tax dollars are collected from online shopping, including Amazon.com and by third-party vendors selling through Amazon, which began July 1, 2018.

The City shows an increase in the use tax of 41.37 percent accumulatively as compared to 2019. For the fiscal year (beginning in October), the use tax is up 17.23 percent.