Posted: Jun 17, 2014 10:40 AMUpdated: Jun 17, 2014 10:40 AM
Dewey Approves 2014-2015 Budget
The Dewey City council approved their 2014-2015 budget Monday night with a few changes due to a tax mistake. The last two months' tax returns showed a large increase month to month compared to last year and City Manager Kevin Trease received a letter last week explaining that a pipeline company had paid taxes to Dewey that it didn't need to pay. The Oklahoma Tax Commission refunded to the pipeline company 34 thousand dollars which Dewey will have to repay through its use tax. Trease expains that that the city will not be receiving use tax money for about six months until the debt is repaid.
With the loss of use tax, the Dewey budget for this upcoming fiscal year will only see a small increase from last year. The budget approved totals 1.2 million dollars of which over half is going towards the police department. The budget also includes a three percent salary increase for city workers. To see the entire budget proposal as well as the letter from the Oklahoma Tax Commission, click here. (PDF File)
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