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1. What sales taxes are currently in place in Ponca City?

SALES TAXES CURRENTLY IN PLACE

State Sales Tax – 4.5% (in perpetuity)

Kay County Sales Tax Jail – 0.667% (0.3335% in perpetuity, 0.3335% expires June 30, 2028)

Kay County Sales Tax County Court House – 0.25% (expires December 31, 2032)

City Sales Tax for General Fund – 2.0% (in perpetuity)

City Sales Tax for Street Improvements – 0.5% (in perpetuity)

City Sales Tax for Economic Development – 0.5% (expires, December 31, 2023)

City Sales Tax for Public Safety Center – 0.833% (0.333% in perpetuity, 0.5% expires September 30, 2028)

TOTAL:  9.25%

2. How is financial accountability maintained?

Finance provides timely and accurate financial information to the citizens of Ponca City, the Board of Commissioners and City Departments, as well as providing records management, budget monitoring, accounting, investment and accounts payable services for the City.  Staff also conducts internal review audits to document processes, internal controls, and compliance with laws and policies, and participates in department inventory counts to help insure an accurate count of the City’s assets. Finance leads the charge each year, coordinating the various components of the budget document. Many employees of the City of Ponca City contribute to the preparation of the budget, and all employees participate in the implementation of the programs outlined in the budget document.

3. What taxes generate revenue for the City of Ponca City?

Sales Tax is the only tax generating stream of revenue for the City of Ponca City. The City does not receive any property tax revenues for operations or any appropriations from the State. The City raises needed revenues to operate services.