MONTHLY UPDATE
Monthly Sales, Use and Hotel/Motel Tax Report: A monthly report on sales, use and hotel/motel tax collections, projections and comparisons is in our Document Center.
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MEDIA RELEASE
(STILLWATER, OKLAHOMA / Feb. 13, 2019) – The City of Stillwater collected $2,285,618 in sales tax from November 2018 transactions that were reported to the Oklahoma Tax Commission in December 2018 and apportioned to the City in January 2019.
This is a decrease from January 2018 collections by $148,169 (5.85 percent), an increase year-to-date of $78,073 (0.45 percent) and collections fell below projections for January 2019 by $21,484 (0.89 percent).
The City of Stillwater’s use tax collections in January 2019 was $220,859, which is up $39,037 (21.47 percent) from January 2018, down year-to-date by $72,966 (5.55 percent) and below projections for January 2019 by $33,194 (13.07 percent).
Hotel/motel tax remitted to the City in December 2018 on November 2018 transactions totaled $49,870, which is down from December 2017 collections by $28,858 (36.66 percent), under year-to-date by $20,523 (4.50 percent) and under projections for December 2018 by $16,310 (24.65 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
We also update a sales, use and hotel/motel tax report monthly at http://stillwater.org/document-center/detail/id/285.
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For media inquiries, contact the Department of Marketing and Civic Engagement at 405.742.8219 or email news@stillwater.org.
Stillwater’s December 2018 sales tax collections exceed projections by 1.39 percent
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Jan. 24, 2018) – The City of Stillwater collected $2,440,649 in sales tax from October 2018 transactions that were reported to the Oklahoma Tax Commission in November 2018 and apportioned to the City in December 2018.
This is an increase from December 2017 collections by $17,863 (0.74 percent), an increase year-to-date of $226,241 (1.55 percent) and collections exceeded projections for December 2018 by $33,547 (1.39 percent).
The City of Stillwater’s use tax collections in December 2018 was $236,503, which is down $100,561 (29.83 percent) from December 2017, down year-to-date by $112,003 (9.88 percent) and below projections for December 2018 by $17,550 (6.91 percent).
Hotel/motel tax remitted to the City in November 2018 on October 2018 transactions totaled $89,630, which is up from November 2017 collections by $11,565 (14.81 percent), over year-to-date by $8,335 (2.21 percent) and over projections for November 2018 by $23,450 (35.43 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
We also update a sales, use and hotel/motel tax report monthly at http://stillwater.org/document-center/detail/id/285.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater's November sales tax apportionment is 0.12 percent over last year's number
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Nov. 19, 2018) – The City of Stillwater collected $2,441,804 in sales tax from September 2018 transactions that were reported to the Oklahoma Tax Commission in October 2018 and apportioned to the City in November 2018.
This is an increase from November 2017 collections by $2,868 (0.12 percent), an increase year-to-date of $208,379 (1.71 percent) and collections exceeded projections for November 2018 by $18,657 (0.77 percent).
The City of Stillwater’s use tax collections in November 2018 was $164,171, which is down $17,193 (9.48 percent) from November 2017, down year-to-date by $11,442 (1.44 percent) and over projections for November 2018 by $27,473 (20.10 percent).
Hotel/motel tax remitted to the City in October 2018 on September 2018 transactions totaled $89,253, which is up from October 2017 collections by $17,462 (24.32 percent), under year-to-date by $3,230 (1.08 percent) and over projections for October 2018 by $28,392 (46.65 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
We also update a sales, use and hotel/motel tax report monthly at http://stillwater.org/document-center/detail/id/285.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater’s October 2018 sales tax collections exceed projections by 4.37 percent
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Oct. 23, 2018) – The City of Stillwater collected $2,821,407 in sales tax from August 2018 transactions that were reported to the Oklahoma Tax Commission in September 2018 and apportioned to the City in October 2018.
This is an increase from October 2017 collections by $100,430 (3.69 percent), an increase year-to-date of $205,511 (2.10 percent) and collections exceeded projections for October 2018 by $118,045 (4.37 percent).
The City of Stillwater’s use tax collections in October 2018 was $228,132, which is up $62,933 (38.10 percent) from October 2017, up year-to-date by $5,750 (0.93 percent) and over projections for October 2018 by $103,618 (83.22 percent).
Hotel/motel tax remitted to the City in September 2018 on August 2018 transactions totaled $73,407, which is down from September 2017 collections by $3,875 (5.01 percent), under year-to-date by $20,691 (9.09 percent) and over projections for September 2018 by $7,891 (12.04 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
We also update a sales, use and hotel/motel tax report monthly at http://stillwater.org/document-center/detail/id/285.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater’s September 2018 sales tax collections fall below projections by 8.12 percent
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Oct. 1, 2018) – The City of Stillwater collected $2,279,647 in sales tax from July 2018 transactions that were reported to the Oklahoma Tax Commission in August 2018 and apportioned to the City in September 2018.
This is a decrease from September 2017 collections by $217,584 (8.71 percent), an increase year-to-date of $105,081 (1.49 percent) and collections fell behind projections for September 2018 by $201,417 (8.12 percent).
The City of Stillwater’s use tax collections in September 2018 was $176,032, which is up $33,239 (23.28 percent) from September 2017, down year-to-date by $57,183 (12.70 percent) and over projections for September 2018 by $68,406 (63.56 percent).
Hotel/motel tax remitted to the City in August 2018 on July 2018 transactions totaled $65,210, which is down from August 2017 collections by $1,619 (2.42 percent), under year-to-date by $16,817 (11.19 percent) and over projections for August 2018 by $8,556 (15.10 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
We also update a sales, use and hotel/motel tax report monthly at http://stillwater.org/document-center/detail/id/285.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
August sales tax collections exceed projections by 9.05 percent
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Aug. 29, 2018) – The City of Stillwater collected $2,415,524 in sales tax from June 2018 transactions that were reported to the Oklahoma Tax Commission in July 2018 and apportioned to the City in August 2018.
This is an increase from August 2017 collections of $186,123 (8.35 percent), an increase year-to-date of $322,664 (7.08 percent) and collections exceeded projections for August 2018 by $200,555 (9.05 percent).
The City of Stillwater’s use tax collections in August 2018 was $129,651, which is down $8,795 (6.35 percent) from August 2017, down year-to-date by $90,423 (29.41 percent) and over projections for August 2018 by $25,301 (24.25 percent).
Cigarette and tobacco tax was $13,336 for the month of August 2018. This is down $14,727 (52.48 percent) from August 2017, down year-to-date $15,313 (24.95 percent) year-to-date and under budget by $11,566 (20.07 percent).
Hotel/motel tax remitted to the City in July 2018 on June 2018 transactions totaled $68,258, which is down from July 2017 collections by $15,198 (18.21 percent), under year-to-date by $15,198 (18.21 percent) and under projections for July 2018 by $2,492 (3.52 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
We also update a sales, use and hotel/motel tax report monthly at http://stillwater.org/document-center/detail/id/285.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater's June sales tax apportionment is 5.11 percent over last year's number
MEDIA RELEASE
(STILLWATER, OKLAHOMA / June 26, 2018) – The City of Stillwater received $2,385,167 in sales tax from April 2018 transactions that were reported to the Oklahoma Tax Commission in May 2018 and apportioned to the City in June 2018.
This is an increase from June 2017 apportionment of $116,064 (5.11 percent), an increase year-to-date of $495,934 (1.77 percent) and collections exceed budget by $185,051 (0.65 percent).
Use tax apportioned to the City of Stillwater in June 2018 was $132,664, which is down $6,284 (4.52 percent) from June 2017, up year-to-date by $606,461 (40 percent) and over the budget by $434,105 (25.71 percent).
Cigarette and tobacco tax apportioned in June 2018 totaled $28,357, which is down from June 2017 by $4,930 (14.81 percent), up year-to-date by $2,608 (0.77 percent) and over budget by $20,809 (6.50 percent).
Hotel and motel tax remitted to the City in May 2018 on April 2018 transactions totaled $75,936, which is up from May 2017 collections by $8,771 (13.06 percent), over year-to-date by $10,610 (1.47 percent) and over budget by $57,785 (8.59 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater's May sales tax apportionment is 2.25 percent ahead of last year's number
MEDIA RELEASE
(STILLWATER, OKLAHOMA / May 24, 2018) – The City of Stillwater received $2,339,571 in sales tax from March 2018 transactions that were reported to the Oklahoma Tax Commission in April 2018 and apportioned to the City in May 2018.
This is an increase from May 2017 apportionment of $51,430 (2.25 percent), an increase year-to-date of $381,486 (1.48 percent) and collections exceed the budget by $95,717 (0.37 percent).
Use tax apportioned to the City of Stillwater in May 2018 was $158,104, which is up $6,589 (4.35 percent) from May 2017, up year-to-date by $612,745 (44.49 percent) and over the budget by $456,183 (29.74 percent).
Cigarette and tobacco tax apportioned in May 2018 totaled $36,068, which is up from May 2017 by $11,735 (48.23 percent), up year-to-date by $7,538 (2.47 percent) and over budget by $23,948 (8.30 percent).
Hotel and motel tax collected in April 2018 on March 2018 transactions totaled $65,291, which is more than April 2017 collections by $802 (1.24 percent), over year-to-date by $1,839 (0.28 percent) and over budget by $44,612 (7.32 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater's April sales tax apportionment is up 4.96 percent compared to this time last year
MEDIA RELEASE
(STILLWATER, OKLAHOMA / April 16, 2018) – The City of Stillwater received $2,219,219 in sales tax from February 2018 transactions that were reported to the Oklahoma Tax Commission in March 2018 and apportioned to the City in April 2018.
This is an increase of $104,819 (4.96 percent) compared to April 2017 apportionment, an increase year-to-date of $330,056 (1.40 percent) and current collections exceed the budget by $69,611 (0.29 percent).
Use tax apportioned to the City of Stillwater in April 2018 totaled $148,754, which is up $63,943 (75.39 percent) from April 2017, up year-to-date by $606,156 (49.45 percent) and over budget by $709,350 (63.18 percent).
Cigarette and tobacco tax apportioned to the City in April 2018 totaled $29,432, which is up from April 2017 by $1,725 (6.22 percent), down year-to-date by $4,197 (1.50 percent) and over budget by $10,903 (4.11 percent).
Hotel and motel tax collected in March 2018 for February 2018 transactions totaled $44,464, which is less than March 2017 collections by $481 (1.07 percent), over year-to-date by $1,037 (0.18 percent) and over budget by $39,583 (7.20 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater's March sales tax apportionment is 3.88 percent below last year's number
MEDIA RELEASE
(STILLWATER, OKLAHOMA / March 19, 2018) – The City of Stillwater received $2,134,495 in sales tax from January 2018 transactions that were reported to the Oklahoma Tax Commission in February 2018 and apportioned to the City in March 2018.
This is a decrease from March 2017 apportionment of $86,137 (3.88 percent), an increase year-to-date of $225,237 (1.05 percent) and collections are under budget by $11,806 (0.05 percent).
Use tax apportioned to the City of Stillwater in March 2018 was $171,502, which is up $79,693 (86.80 percent) from March 2017, up year-to-date by $542,214 (47.52 percent) and over the amended budget by $629,756 (59.78 percent). Robust collections on use tax continue to offset the slight shortfall in sales tax.
Cigarette and tobacco tax apportioned in March 2018 totaled $20,040, which is down from March 2017 by $3,985 (16.59 percent), down year-to-date by $5,922 (2.34 percent) and over budget by $7,687 (3.21 percent).
Hotel and motel tax collected in February 2018 on January 2018 transactions totaled $43,789, which is less than February 2017 collections by $12,860 (22.70 percent), over year-to-date by $1,517.65 (0.28 percent) and over budget by $37,118 (7.31 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater’s year-to-date sales tax collections are up 1.62 percent
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Feb. 23, 2018) – The City of Stillwater received $2,334,183.02 in sales tax from December 2017 transactions that were reported to the Oklahoma Tax Commission in January 2018 and apportioned to the City in February 2018.
Sales tax collections exceeded December 2016 collections by $101,873 (4.56 percent), year-to-date collections were up by $311,374 (1.62 percent) and exceeded the budget by $98,909 (0.51 percent).
February 2018 use tax apportionment exceeded February 2017 by $18,507 (10.42 percent), year-to-date by $462,520 (44.08 percent) and the budget by $543,019 (56.05 percent).
Cigarette and tobacco tax apportioned to the City in February 2018 totaled $20,277.97, which is under February 2017 apportionment by $2,555 (11.19 percent), down year-to-date by $1,937 (0.85 percent) and over budget by $10,379 (4.79 percent).
Hotel and motel tax collected in January 2018 on December 2017 transactions totaled $44,690. This is up from January 2017 by $2,682 (6.38 percent), up year-to-date by $14,378 (2.96 percent) and over budget by $46,265 (10.18 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater’s year-to-date sales tax collections are up 1.23 percent
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Jan. 19, 2018) – The Oklahoma Tax Commission remitted $2,533,786.60 of sales tax collections to the City of Stillwater for January 2018. These collections were from sales tax on November 2017 transactions that were reported to the commission in December 2017 and apportioned to the City this month. This is up $177,422 (7.53 percent) from collections in January 2017, is up year-to-date $209,501 (1.23 percent) and over budget by $21,742 (0.13 percent).
The use tax apportioned to the City in January 2018 was $181,822.25, which is up $80,357 (79.20 percent) compared to January 2017. It is also up year-to-date $444,014 (50.94 percent) and over budget as amended by $510,890 (63.48 percent).
The cigarette/tobacco tax apportioned to the City in January 2018 totaled $25,287.89, which is $2,359 below January 2017 receipts. Year-to-date this total is up $618 (0.30 percent) and over budget by $11,705 (6.0 percent).
Lodging tax for December 2017 totaled $78,728.42, which is up from December 2016 by $23,481 (42.5 percent), up year-to-date by $11,696 (2.63 percent) and over budget by $40,829 (9.83 percent).
For more information about the budget and taxes, visit the City’s Financial Center at http://stillwater.org/budget.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
December sales tax collections up 1.85 percent compared to last year
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Dec. 18, 2017) – The Oklahoma Tax Commission (OTC) remitted $2,422,785.92 of sales tax collections to the City of Stillwater this month. These collections were from October 2017 transactions that were reported to the OTC in November 2017 and apportioned to the City in December 2017.
This is up $43,945 (1.85 percent) from December 2016 and up $32,079 (0.22 percent) year-to-date. It is under budget by $129,600.62 (0.88 percent).
Use tax remitted to the City in December totaled $337,063.29. This is up $225,259 (201.48 percent) from December 2016, up $363,657 (47.21 percent) year-to-date and over budget by $549,736 (94.11 percent).
The increased collections in the use tax area offset the shortfall in sales tax collections to date.
Every state with a sales tax has a companion tax for purchases made outside the state. In Oklahoma, that tax is called use tax.
If you purchase items for use in Oklahoma by mail order, catalog, television shopping networks, radio, internet, phone or in person from retailers that do not collect Oklahoma sales tax, you owe Oklahoma use tax on those items. Individuals in Oklahoma are responsible for paying use tax on their out-of-state purchases.
Cigarette/tobacco tax remitted in December totaled $29,337.13, which is down $1,858 (5.96 percent) from December 2016, up $2,976 (1.67 percent) year-to-date and over budget by $12,576 (7.45 percent).
Lodging tax collected in November for October transactions totaled $78,065.06. This is down $16,018 (17.03 percent) from November 2016, down year-to-date by $11,785 (3.03 percent) and over budget by $13,727 (3.77 percent).
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater’s November sales tax collections under budget by 1.19 percent
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Nov. 20, 2017) – City of Stillwater Chief Financial Officer Melissa Reames said the City received $2,438,935.83 in sales tax on September 2017 transactions that were remitted to the Oklahoma Tax Commission in October 2017 and apportioned to the City in November 2017. This is a $6,149 (0.25 percent) increase from receipts in November 2016. However, the amount is down by $11,866 (0.10 percent) year-to-date (YTD) and under budget by $147,217 (1.19 percent).
Use tax received in November 2017 totaled $181,363.79, which was up $22,555 (14.20 percent) from November 2016. The amount is also up $138,397 (21.02 percent) YTD and over budget by $297,466 (59.57 percent). Use tax collections continue to offset the shortfall in sales tax collections.
Cigarette/tobacco tax remitted in November 2017 totaled $33,691.55, which was up $592 (1.76 percent) from November 2016 and is up YTD by $4,834 (3.29 percent) and over budget by $12,755 (9.16 percent).
Lodging tax for September 2017 transactions reported to the City in October 2017 was $71,791.18. This is under October 2016 by $28,817 (28.64 percent), over YTD by $4,232 (1.43 percent) and over budget by $23,577 (8.55 percent).
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater sales tax collections are down 1.76 percent compared with October 2016
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Oct. 12, 2017) – City of Stillwater Chief Financial Officer Melissa Reames said the City received its sales tax on August 2017 transactions that were remitted to the Oklahoma Tax Commission in September 2017 and apportioned to the City in October 2017. The amount totaled $2,720,977. This is a $48,757 (1.76 percent) decrease from October 2016, a $18,015 (0.18 percent) decrease year-to-date (YTD) and under budget by $126,441 (1.28 percent).
Use tax apportioned in October 2017 was $165,199. This is a $23,405 (16.51 percent) increase from October 2016, a $115,842 (23.19 percent) increase YTD and over budget by $236,544 (62.43 percent). The use tax overage compensates for the sales tax shortfall. Cigarette/tobacco tax apportioned in October 2017 totaled $31,531, which is $5,730 (22.21 percent) ahead of October 2016, a $4,252 (3.73 percent) increase YTD and over budget by $10,391 (9.63 percent).
Lodging tax remitted in September 2017 on August 2017 transactions totaled $77,282, which is $15,911 (25.93 percent) over September 2016, an increase of $33,050 (16.99 percent) YTD and over budget by $45,800 (25.20 percent).
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater YTD sales tax collections are 0.44 percent higher than this time last year
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Sept. 18, 2017) – City of Stillwater Chief Financial Officer Melissa Reames said the City received its sales tax on July 2017 transactions that were remitted to the Oklahoma Tax Commission in August 2017 and apportioned to the City in September 2017. The amount totaled $2,497,230.32. This is $239,128 (10.59 percent) higher that September 2016.
Year to date (YTD) sales tax is $30,742.01 (0.44 percent) higher than YTD collections in 2016. Sales tax is under budget by $47,028.84 (0.66 percent). Use tax collections for September were $142,792.45.
YTD use tax is higher than last year by $92,437.27 (52.01 percent) and over budget by $178,883.00 (65.92 percent). Cigarette/tobacco tax remittance was $25,411.59. YTD cigarette/tobacco tax is lower that YTD collections in 2016 by $1,477.92 (1.67 percent) and over budget by $3,272.38 (3.92 percent). Lodging tax as of August 2017 was $150,284.85, which is $17,139.34 (12.87 percent) higher than 2016 and over budget by $25,866.78 (20.79 percent).
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater sales tax collections are 1.18 percent above same month in 2016
MEDIA RELEASE
(STILLWATER, OKLAHOMA / Aug. 14, 2017) – City of Stillwater Chief Financial Officer Melissa Reames said the City received its sales tax on June 2017 transactions that were remitted to the Oklahoma Tax Commission in July 2017 and apportioned to the City in August 2017. The amount totaled $2,229,400.99. This is up $26,078.12 (1.18 percent) from the same month in 2016.
Sales tax year to date (YTD) is $208,386.28 (4.37 percent) below 2016 YTD collections and under budget by $261,165.04 (5.42 percent).
Use tax received in August was $13,353.47 (8.80 percent) under the same month in 2016, but YTD is $43,317.95 (16.40 percent) ahead of 2016. Use tax is over budget by $107,133.02 (53.48 percent), which partially offsets the shortfall in sales tax. The YTD cigarette/tobacco tax is $1,198.97 (1.99 percent) ahead of this time last year and is over budget by $4,437.58 (7.79 percent). Lodging tax for July 2017 totaled $83,456.74 and was $9,082.67 (12.21 percent) higher than July 2016. Lodging tax is over budget by $13,957.75 (20.08 percent).
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater sales tax collections are 9.14 percent below same month in 2016
MEDIA RELEASE
(STILLWATER, OKLAHOMA / July 17, 2017) – City of Stillwater Chief Financial Officer Melissa Reames said the City received $2,330,914.91 in sales tax collected for May transactions, which were remitted to the Oklahoma Tax Commission in June and apportioned to the City in July. This is $234,464.40 (9.14 percent) below collections for the same month last year and under budget by $262,857.35 (10.13 percent). According to OTC, the shortfall in sales tax is a timing difference in remittance from 2016 to 2017.
Use tax apportioned to the City in July totaled $169,016.68, which is $56,671.42 (50.44 percent) higher than collections for the same month last year and over budget by $83,813.11 (98.37 percent). Cigarette/tobacco tax apportioned in July exceeded last July by $5,321.48 (19.01 percent) and exceeded budget by $6,827.92 (25.78 percent). Lodging tax finished FY17 ahead of FY16 by $65,045.26 (8.82 percent) and over budget by $102,609.58 (14.66 percent).
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater sales tax collections under 1.79 percent for year
MEDIA RELEASE
(STILLWATER, OKLAHOMA / June 21, 2017) – City of Stillwater Chief Financial Officer Melissa Reames said the City received $2,269,103.15 in June for sales tax collected on April transactions. This is down $607,907.94 (2.12 percent) for fiscal year 2016-17 from fiscal year 2015-16. Sales tax finished FY17 under budget by $510,883.06 (1.79 percent).
Merchants remit sales tax collected monthly to the Oklahoma Tax Commission on behalf of the City of Stillwater. June’s sales tax receipts represent sales from April.
Use tax finished FY17 ahead of FY16 by $312,085.81 (up 25.92 percent) and over FY17 budget by $466,333.83 (44.41 percent). This overage will help offset the shortfall in sales tax. Cigarette tax finished FY17 below FY16 by $5,469.34 (1.59 percent) and under budget by $1,798.42 (0.53 percent). Hotel room tax finished FY17 ahead of last year by $59,794.25 (8.11 percent) and over budget by $97,358.57 (13.91 percent).
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
Stillwater sales tax collections see small bump
MEDIA RELEASE
(STILLWATER, OKLAHOMA / May 19, 2017) – City of Stillwater Chief Financial Officer Melissa Reames said this month's sales tax collections exceeded collections for the same month last year by $7,039 (0.31 percent). However, sales tax receipts overall are below budget by $459,431.68 (1.75 percent) and behind last year-to-date by $548,584.13 (2.08 percent).
“While we welcome the small bump in sales tax collection, the yearlong trend is still downward,” Reames said. “We continue to monitor the city’s budget and encourage staff to deliver exceptional yet efficient municipal services.”
Merchants remit sales tax collected monthly to the Oklahoma Tax Commission on behalf of the City of Stillwater. May’s sales tax receipts represent sales from March.
Reames said use tax continues to exceed expectations with receipts for May exceeding the same month last year by $52,290.64 (52.70 percent), over budget by $404,650.23 (41.60 percent) and ahead of last year-to-date collections by $261,752.58 (23.46 percent). The positive variance on use tax will offset the negative variance on sales tax.
Cigarette tax receipts are down $1,858.18 (7.09 percent) from the same month last year and down $8,381.10 (2.68 percent) year-to-date compared to last year and under budget $5,034.64 (1.62 percent).
Lodging tax collection is up $11,164.30 (20.94 percent) from the same month last year, up $56,480.48 (9.48 percent) year-to-date and over budget by $86,838.26 (15.35 percent).
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
City sales tax collection off by 2.31 percent compared with this time last year
MEDIA RELEASE
(STILLWATER, OKLAHOMA / April 20, 2017) – City of Stillwater Chief Financial Officer Melissa Reames says for the fifth month in a row Stillwater’s sales tax collections were below what they were the same month the prior year. Merchants remit sales tax collected monthly to the Oklahoma Tax Commission on behalf of the City of Stillwater.
Reames reported that the City’s year-to-date (YTD) sales tax collections were down 2.31 percent from YTD fiscal year 2016 collections and is under budget by $474,184 (1.98 percent). April’s collections represent sales that happened in February 2017.
“The percentage of year-to-date decline is not as important as the consistent downward trend,” she explained. “We look at these trends and are making adjustments in the current fiscal year and planning accordingly for the upcoming fiscal year.”
The City’s fiscal year 2018 general fund budget does not include funds for capital projects.
Additional Stillwater YTD tax collections are as follows:
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Use tax collections are up 20.61 percent from YTD fiscal year 2016 collections and over budget by $339,650 (38.33 percent).
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Cigarette/tobacco tax collections are down 2.27 percent from YTD fiscal year 2016 collections and under budget by $3,456 (1.22 percent).
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Lodging tax collections are up 8.35 percent from YTD fiscal year 2016 collections and is over budget by $72,958 (14.16 percent). Fiscal year 2017 lodging tax budget was reduced from $800,000 in fiscal year 2016 to $700,000 in fiscal year 2017. During fiscal year 2017, a payment agreement was reached with a motel for past due taxes and interest. As of April 2017, $33,000 have been collected on the past due tax.
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For media inquiries, contact the Office of Marketing and Public Relations at 405.742.8219 or email news@stillwater.org.
