The final month of the fiscal year was good for the City of Guthrie in terms of sales tax collections. For September, the City saw a 21 percent increase from a year ago and the highest collection in the City’s history.
The Oklahoma Tax Commission showed the City’s collection at $680,385.22 for an all-time high for one month. When compared to last September, the dollars increased by $117,450.46.
With the 2019-20 fiscal year now concluded, the City finished 9 percent, or $590,273.54, compared to last year’s fiscal year. In addition, the City collected 8 percent over what they had projected in the fiscal year.
It was not a perfect collection month as the use tax was down 12 percent, or $10,374, compared to the same time last year. However, finished the year 25 percent higher, or $159,255.48, more than last fiscal year.
The City collected $801,580.79 in use tax, which is 31 percent over or $189,581 more than the budgeted projection of $612,000.