By Conrad Dudderar
Staff Writer
The City of Yukon started the new fiscal year off on the right foot in July as sales tax revenues increased nearly 3% compared to the same month one year ago.
On July 9, Yukon’s monthly sales tax distribution from the Oklahoma Tax Commission totaled $2,457,058.18.
That was 2.9% more the July ’22 distribution of $2,387,302.28.
Last month, Yukon’s sales tax revenues were down 5% over June ’22.
The July distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from May business.
July starts FY23-24.
For FY22-23 ending in June, Yukon’s cumulative sales tax collections increased 5.1% over FY21-22.
Yukon Mayor Shelli Selby encouraged Yukon residents to stay vigilant about shopping at businesses inside Yukon city limits.
“Every dollar spent in Oklahoma City is taking money out of Yukon,” Selby said. “Money that is needed to pay our employees, our bills and funds our roads, water and parks.”
Businesses on the south side of N.W. 10th are in Oklahoma City limits, Selby pointed out.
For July, the City of Oklahoma received $2,867,432.62 in sales tax revenues within Canadian County – an 11.6% increase over July ’22.
The City of Yukon has a 4% local tax rate.
The City of Oklahoma has a 4.125% local tax rate.
Sales tax is the primary revenue source for Oklahoma’s municipalities, funding local government operations.
The City of Yukon did see a 7.7% decline in use tax revenues – from $328,941 in July ’22 to $305,347.43 this July.
A use tax is a tax on goods or services that generally would be subject to sales tax, but the sales tax was not collected or was under-collected. Use taxes often apply to online or out-of-state purchases.
Five municipalities in Canadian County reported increases in their monthly sales tax distribution for July in the year-over-year comparison:
- Calumet – 192% Up
- Mustang – 7% Up
- Piedmont – 1.3% Up
- Union City – 86% Up
- Yukon – 2.9%
The other three municipalities had decreases:
- El Reno – 25% Down
- Geary – 36.5% Down
- Okarche – 6.9% Down
Meanwhile, Canadian County experienced a 2.8% increase in sales tax collections between July 2022 ($851,029.87) and this July ($875,069.35).
Canadian County’s .035% countywide sales tax is earmarked to fund operations at the Gary E. Miller Children’s Justice Center.
Canadian County’s use tax distribution was $215,824.17 for July, a 14.5% increase from July ’22.
POSITIVE TREND STATEWIDE
Across Oklahoma, municipal sales tax revenues for July were up 4.4% over the same time one year ago.
The disbursement of $203,202.715 in sales tax collections returned to the cities and towns reflected an increase of $8,545,831 from the $194,656,884 distributed to them in July 2022.
The use tax disbursement to cities and towns was $34,676,330.
In county returns, counties across Oklahoma shared in a $34,613,200 sales tax disbursement and a $6,495,759 use tax disbursement.
Companies that remit more than $2,500 monthly in sales tax receipts are required to file and pay electronically. The monies they reported this period represent sales from May 16-31 and estimated sales from June 1-15.
