By Conrad Dudderar
Yukon’s city sales tax collections rebounded this month – and then some.
The City of Yukon received a $2,275,882 disbursement in May from the state tax commission. That is $509,970 above the $1,765,912 distribution in May 2020 – an impressive 28.9% increase.
Mayor Shelli Selby admitted she thought it was a misprint when she first saw how much Yukon’s sales tax revenues had climbed this month.
“We’re really excited about that,” Selby said. “How awesome … that is wonderful.
“Great people! Shop local.”
The May distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from March business.
Yukon’s year-to-date sales tax collections are 3.79% over last year.
May’s huge sales tax revenue gain comes on the heels of disappointing news last month.
In April, the City of Yukon’s distribution was 8.1% below the same month in 2020 – falling $149,652 in the year-over-year comparison.
That huge decline had city leaders imploring residents to shop retail stores inside Yukon city limits.
The City of Yukon’s collects revenue based on a 4% local sales tax rate.
Sales tax income is the “lifeblood” of Oklahoma’s municipalities, funding local government operations.
Yukon Vice Mayor Rick Cacini, speaking near the end of the May 18th city council meeting, hinted the City of Yukon may have to consider raising taxes to fund infrastructure upgrades and new recreation projects.
Cacini referred to the desire to improve “quality of life” for Yukon’s citizens and “make Yukon a better place to live.”
Mayor Selby noted city officials will study “other options beside raising taxes” to provide needed improvements.