There are many reasons to shop Frederick. Supporting our neighbors, keeping jobs available for those in our community, preventing buildings from becoming vacant and falling into disrepair, preventing the continued decline in our population, and increasing local economy to make community improvements and draw in new businesses and new jobs. Shopping locally not only supports local merchants who pass on support to their employees, our schools, and community events, it also provides critically needed tax dollars for local governments.
Let’s say Frederick Furniture is having a sale and you purchase a window unit for $100.00. In Frederick the total Sales Tax rate is 9.5% which means that for a $100.00 item you will pay a total of $109.50. Now, you have paid $9.50 in Sales Tax.
Where does this money go?
$4.50 goes to the Oklahoma Tax Commission
$3.50 goes to the City of Frederick – All City Sales Taxes, rates and purposes, are voted on by its citizens
$1.00 – City General Operations
$1.00 – Designated for Street Repairs
$1.00 – Hospital
$0.50 – Capital Improvements (voters recently elected to use this for the sewer treatment project)
$1.50 goes to Tillman County– All County Sales Taxes, rates and purposes, are voted on by its citizens
$0.63 – General Operations
$0.50 – LEC Bond
$0.20 – Capital Outlay
$0.12 – Extension Office
$0.05 – Free Fair
According to Census records, the 2010 number of households in Frederick was 1,568. If each of those households spent only $100.00 per month at local retailers, that spending would generate the following revenue each year:
City: $18,816.00 – Hospital County: $11,854.08 – General
$18,816.00 – City General $ 9,408.00 – LEC Bond
$18,816.00 – Street Repairs $ 3,763.20 – Capital Outlay
$ 9,408.00 – Sewer Treatment Project $ 2,257.92 – Extension
The estimated cost of paving 1 mile of road (tearing out old road and properly building new road) is $1,000,000.00. It would take over 53 years to accumulate enough money to pave just 1 mile of road in the above situation.
How much do you typically spend when you shop for groceries and household goods at Sams or Walmart, or Christmas shopping at the mall, Target, Walmart, or online? Let’s assume you spend an average of $250.00 per month on groceries at out-of-town retailers and an additional $500.00 on gifts throughout the year. That’s $3,500.00 per year that you are spending to pave the streets of Vernon, Altus, Lawton, or Wichita Falls. How far would that money go in Frederick? If you and you alone spent that money in Frederick it would result in:
City: $ 35.00 – Hospital County: $ 22.05 – General
$ 35.00 – City General $ 17.50 – LEC Bond
$ 35.00 – Street Repairs $ 7.00 – Capital Outlay
$ 17.50 – Sewer Treatment Project $ 4.20 – Extension
Now, what if every household pledged to spend $3,500.00 per year in Frederick?
City: $54,880.00 – Hospital County: $34,574.40 – General
$54,880.00 – City General $27,440.00 – LEC Bond
$54,880.00 – Street Repairs $10,976.00 – Capital Outlay
$27,440.00 – Sewer Treatment Project $ 6,585.60 – Extension
At that rate, we could accumulate $1,000,000.00 for street repairs in just 18.22 years! Just imagine what your current local spending combined with that additional $3,500.00 per year could do. Please remember that with each dollar you spend out of town, you are supporting their community projects, their school activity fundraisers, their road projects, and their local governments. In doing so
you are NOT supporting your community projects, your school activity fundraisers, your road projects, and your local governments.
When shopping this Christmas season, be mindful of where you are spending money and the impact you have on your hometown.