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Thread: Oklahoma City Sales & Use Tax Collections

  1. #1

    MAPS4 Oklahoma City Sales & Use Tax Collections





    Oklahoma City Sales & Use Tax Collections (February 2, 2021 Report): https://www.okc.gov/home/showpublisheddocument?id=21350

    The City's sales & use tax collections for 2021 vs. prior year 2020. Will this affect MAPS 4 projects...

  2. #2

    Default Re: Oklahoma City Sales & Use Tax Collections

    Not to be a negative nellie but l bet the snowstorm kills February's collections.

  3. #3

    MAPS4 Re: Oklahoma City Sales & Use Tax Collections

    Quote Originally Posted by mugofbeer View Post
    Not to be a negative nellie but l bet the snowstorm kills February's collections.
    You can believe that.

    Oklahoma City doesn't seem to have been hit any harder than most cities in our category with 500,000 to 1 million urban population.

    IMO with the current pandemic and fewer development projects being built; this will be a banner time (2022-28) for MAPS 4 projects. Don't think you will see a ton of construction projects; therefore this should favor the bidding process as these projects will come under projected budget.

    Personally, I think the city learned from previous MAPS projects. The budgeted price tag for each project--allowed some flexibility for inflation. Look for the new State Fair Coliseum and the Chesapeake Energy Arena improvements (in no uncertain order) to received first bids. Sales tax collections are in the -5% which means MAPS collections are similar.

  4. #4

    Default Re: Oklahoma City Sales & Use Tax Collections

    Quote Originally Posted by mugofbeer View Post
    Not to be a negative nellie but l bet the snowstorm kills February's collections.
    Today is making up for some of that. Seems everyone is out as stores are super busy today.

  5. #5

    Default Re: Oklahoma City Sales & Use Tax Collections



    9 States With No Income Tax

    https://www.investopedia.com/financi...ncome-tax.aspx

    (Active Map inside above link)




  6. #6

    Default Re: Oklahoma City Sales & Use Tax Collections

    Washington state is a big outlier in that list ..

  7. Default Re: Oklahoma City Sales & Use Tax Collections

    we're always the outlier, forgotten state. lol
    Oklahoma City, the RENAISSANCE CITY!

  8. #8

    Default Re: Oklahoma City Sales & Use Tax Collections

    I bet it would change fast if Ok were to eliminate the corporate sales tax. I mean.. Texas rate 0%.. Oklahoma rate 6%.. lt's a no brainer for a business.

  9. #9

    Default Re: Oklahoma City Sales & Use Tax Collections

    Quote Originally Posted by mugofbeer View Post
    I bet it would change fast if Ok were to eliminate the corporate sales tax. I mean.. Texas rate 0%.. Oklahoma rate 6%.. lt's a no brainer for a business.
    Yep! And that's one of the reasons Texas attracts so many business headquarters to the state.

  10. Default Re: Oklahoma City Sales & Use Tax Collections

    so really, what do people recommend OK do to compete. Themes I hear often are:

    * revise the school districts. Not necessariliy eliminate/combine them but get rid of the cushy admin jobs that themselves could be combined which therefore would send more $$ to teachers and supplies/equipment/resources

    * eliminate (or incentivize) the Corporate Tax. Provide incentives for businesses that move here and those that grow/expand. Reduce overall burden closer to zero for everyone else.

    * raise the gas tax. Dont need to be the lowest in the region/country, we can raise it to get funding for transit, roads and transportation yet still be the lowest in the region.

    * eliminate the state income tax. marginally increase property taxes to offset.

    * allow cities and/or regional governments to collect property tax for operations

    * get rid of the commissioner form of government. We only need one exec (not 3).

    * more USER type of taxes. For example, airport improvement tax on air tickets, gas tax for transit, sin tax for health care and education. I know we do this, but revise/do it better and more targeted

    * allow for city corporations to be independent of the city. OKC needs a real water trust, that can administer on land that's NOT part of OKC. This would allow OKC to really deannex yet the trusts could still administer said resources by extension of the city.

    Here in the Seattle area we do this by the county - King County Metro, which runs the water and sewer as well as "local" transit within the county. There is also the regional Sound Transit but that's specific to roads and regional transit. Metro runs water resources well far away from Seattle itself (which is only 86 square miles as a result). OKC could adopt a similar model (getting us down to a much better 400 square miles that are truly occupied).

    * I also think Oklahoma should get out of the business of overseeing cities. Focus instead on state level issues and let the local governments run day-to-day business while the state removes obstacles and provides nurture to benefit everyone.

    Any other ideas?
    Oklahoma City, the RENAISSANCE CITY!

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