December 16, 2020
By News Director Jared Atha
During the latest Elk City Commissioner’s proceedings, the commission received the final tax numbers for the calendar year.
City Treasurer Jennifer Rainey reported that sales tax intake was down 13% when compared to the same time a year ago, use tax was down 48 %, however the cigarette tax was up 25% when compared to last year.
City financial adviser Meredith Meacham Wilson says despite sales tax taking a dip, November was the first time this fiscal year that every city fund, with the exception of one, made a profit.
Meacham Wilson says the airport made a $33,000 fuel purchase last month which kept them in the red in the month of November.
