Shawnee's July sales tax collections up
The Shawnee city sales tax collection report for July has come out.
The effects of the COVID-19 shutdown appear to have lost ground as this month's sales tax collections in Shawnee show an increase.
Pottawatomie County received its first positive case of COVID-19 the last week of March, which spurred the start of added restrictions ordered by Gov. Kevin Stitt.
Area residents spent significant time avoiding public spaces as a direct result of a shelter-at-home directive from leaders starting mid-March, during April and into May.
As a result, revenue was down while all non-essential businesses were closed until mid-May.
Local shops have started to open back up to some degree over the past several weeks; that increased activity is showing a bounce-back in revenue.
Ashley Neel, finance director and city treasurer, reports this July's sales tax deposit was $2,072,872.07, including interest of $1,607.90, to be allocated as follows:
• General Fund — $1,184,498.34
• 2018 Capital Improvements Fund — $296,124.58
• Capital Improvements Fund — $229,496.56
• Street Improvements Fund — $259,109.01
• Economic Development Fund — $29,612.46
• Police Sales Tax Fund — $37,015.56
• Fire Sales Tax Fund — $37,015.56
Sales and use tax collections totaled $2,296,535.89 for July 2020.
According to Neel's report, July 2019 sales tax receipts came in at $1,834,335 — $238,538 below this year's collections for the month.
“It should be noted the sales tax estimate for FY 2020-21 was based on a 12.5 percent reduction compared to the prior year budget,” Neel said.
For the year, sales tax collections are up $443,612, or 27.23 percent over the projected budget year-to-date, she said.
“Use tax collections are up approximately $37,835, or 20.36 percent, over the projected budget year-to-date,” she said.