The economic recovery is underway in Yukon, despite the pandemic and downturn in sales tax revenue, City Manager Jim Crosby told council members Tuesday.
The Yukon City Council Tuesday night approved the 2020-2021 fiscal year budget of $56,671,394.
Although sales tax revenues for the most recent period were down more than 11%, Crosby said Yukon is better off than some other cities.
Crosby told council members motel and hotel tax is coming back and use tax has been on the rise.
“We will be in the black. We can look forward to next year,” Crosby said. The city has $7 million in reserve if needed.
“We are recovering, and it is coming back as long as we don’t have a big hit by the pandemic or something we ought to be in great shape,” Crosby said. “We’re still doing very good.”
Also at the Tuesday night meeting, the Yukon 66 Main Street program was recognized by the Oklahoma Main Street Center. The center has designated Yukon as an Oklahoma Main Street Community for reinvestment in the Main Street District.
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