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OC Tax up $75,000 for 2019-20 year

Voice Staff Report

Occupation Tax collections for the fiscal year 2019-20 ending on June 30, 2020 increased $75,848.19 over the previous year. The yearend total was $1,736,674.19 collected. The previous year OC tax collections totaled $1,660,826.58.
June, which typically has low collection totals, ended with stronger than usual collections of $62,230.36 to round out the fiscal year. For the month of June, $20,743 went to the Jail Fund and $41,486.91 went into the General Fund.
The yearend total earmarked for the Jail Fund was $578,893.73. The General Fund yearend total received from Occupational Tax collected was $1,157,787.46. The overall Jail Fund increased by $25,284.86 over last year’s collections. The General Fund yearend total increased by $50,569.75 more than was collected during last year’s Occupational Tax collections.
The budgeted projections for fiscal year 2019-20 from Occupational Tax revenue was just over $1,687,000. The actual OC tax collected exceeded the budget projections by close to $50,000.

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