The City of Guthrie received their sales tax numbers revenue for their November report last week. The report covers the time period of September 15-31 and October 1-15.
The city received $524,567 in sales tax this month which compares to $522,466 last year for the same reporting period. While the increase is only .41 percent ahead of last year, this is the third month in a row that the city has seen sales tax increases over the previous year.
The city has a budget plan of 6,377.570 for sales tax for the 2020 fiscal year. Through the first two months they are at $1,082,112 or 17 percent of their projections. The city is 1.8 percent over their budget plan through the first two months.
While the city is up over last year, the city is still trying to get back to their 2018 fiscal year numbers when for the same time period the city collected $548,042 in revenues, which is 4.4 percent higher than the current month is. When compared to 2019 fiscal year numbers, the city is .68 percent in year-to-date numbers with $7,333 more than last November.
The other sales tax that has really grown in the last year continues to be the use tax which is created by internet sales in the area. Guthrie received $51,417 this month for their use tax revenues. That is 45.8 percent above last year’s numbers of $35,266 and is 77 percent higher than the 2018 fiscal year of $29,007.
The city budget calls for $612,000 in use tax collections this fiscal year and the city is already at $109,806, which is 18 percent of the city plan through the first two months and the holiday season just kicking into to high gear.
There are some big tax numbers for the holidays in both sales and use tax coming up for the city and will probably be very important to the city budget plan, but so far so good.