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Cities feeling closure pinch

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Cities feeling closure pinch

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Cities feeling closure pinch

The COVID-19 pandemic shutdown knocked May sales tax checks for all county municipalities, Kingfisher County and the state of Oklahoma tumbling.

A slowdown in the oil field due in part to low prices related to the pandemic and a market glut precipitated by Saudi Arabia and Russia also likely affected sales tax disbursements.

The disbursement of $146,166,497 in sales tax collections returned to the cities and towns reflected a decrease of $14,180,567 from the $160,347,064 distributed to the cities and towns in May last year, the Oklahoma Tax Commission reported. The use tax disbursement to cities and towns was $22,458,420.

In county returns, the counties shared in a $25,170,893 sales tax disbursement and a $ 4,809,712 use tax disbursement.

The May distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from March business. 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 March 16 to 31 and estimated sales from April 1 to April 15.

Comparisons for county and a number of other are municipalities appear in the accompanying chart.

Use tax checks comparisons for local towns plus Kingfisher County this May and last follow with the May 2020 amounts listed first:

Cashion – $6,297.81 and 6,064.95.

Dover – $2,562.52 and 2,541.05.

Hennessey – $14,672.25 and $12,935.46.

Kingfisher – $51,662.02 and $51,165.20.

Okarche – $10,801.72 and $17,714.06.

Crescent – $7,950.88 and $4,298.87.

Watonga – $17,334.80 and $41,922.00.

Kingfisher County – $144,009.07 and $198,904.22.