Sales Tax News - October 27, 2017

Sedona City Council Approves Half-Percent Sales Tax Increase

The Sedona City Council approved a plan to add a half-cent sales tax.  Revenue from the new sales tax will go towards traffic mitigation projects in the Arizona city through the next decade.  The new half-cent sales tax will increase the Yavapai County portion of Sedona to 9.85 percent and the Coconino County portion will rise to 10.4 percent.

The city believes the new tax will generate an extra $2.7 million annually, with $1.8 million of that coming from visitors.  The new tax is scheduled to start on Thursday, March 1.

Oklahoma City Sales Tax Increase Fails After Vote

A proposition in Springer, Oklahoma to raise the sales tax failed after the vote ended in a tie.  Only 15 percent of the 406 registered voters turned out, coming up short of passing by only one vote.  The current sales tax is two percent and the new proposition would have raised the sales tax to four percent.  The revenue generated from the new tax would have gone towards roads, salaries, and general needs in the town.

Clinton County Sales Tax Revenue Ahead of Projections

Clinton County officials are very pleased with sales tax revenue heading into the final quarter of the year.  Figures from the end of September show sales tax revenue ahead of projections by $1,161,686.  It is also ahead of last year over the same time by $1,325,125.

The county missed its mark on sales tax revenue the past two years, but it is having a strong showing this year.  The County Finance Committee Chairman said, "It is steady and strong and consistent, and we are in a good place, and I am confident it will end up beyond what we predicted."