Shawnee sales tax collections hold steady in February
With numbers nearly identical to last month, and thanks to months of a tightened belt — first a 12.5 percent reduction now loosened to an 8.5 percent reduction — to its projected budget, the Shawnee city sales tax collection report for February continues to hold steady, despite the ongoing COVID-19 pandemic.
Ashley Neel, finance director and city treasurer, reports the sales tax deposit was $2,046,927.19, including interest of $1,326.92, to be allocated as follows:
• General Fund — $1,169,672.68
• 2018 Capital Improvements Fund — $292,418.17
• Capital Improvements Fund — $226,624.09
• Street Improvements Fund — $255,865.89
• Economic Development Fund — $29,241.82
• Police Sales Tax Fund — $36,552.27
• Fire Sales Tax Fund — $36,552.27
Sales and use tax collections totaled $2,300,568.87 for February 2021.
According to Neel's report, this month's sales tax receipts came in at $133,527 or 6.98 percent more than last year's collections for February, which was $1,913,400.
“It should be noted the current sales tax estimate for FY 20-21 is based on a 8.5 percent reduction compared to the prior year budget,” Neel said.
But, for the year, sales tax collections are up $2,046,161 or 14.78 percent, over the projected budget year-to-date, she said.
“Use tax collections are up approximately $39,947, or 2.39 percent, over the projected budget year-to-date,” she said.
Sales tax receipts for the year are $15,891,688, just more than $2 million over the projected budget. Year-to-date Use Tax receipts show $1,712,237, up $39,947 (2.39 percent) more than the projected budget.
Revenue during the start of COVID
Direct effects of the coronavirus shutdown caused a temporary lull, but sales tax collections in Shawnee have since rebounded.
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 for a period while all non-essential businesses were closed until mid-May.
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