May 10, 2022

City, county taxable sales rebound in 2021

By Neal A. Shipman
Farmer Editor

After seeing taxable sales and purchases plummet as a result of COVID-19 and the slowdown of the oil industry that began in the spring of 2020, Watford City’s and McKenzie County’s economy rebounded in 2021, according to the latest data from the North Dakota Tax Department.
Watford City’s taxable sales and purchases grew by 10.23 percent from 2020 to 2021 increasing from $197,941,430 to $203,738,541 during the 12-month period, while McKenzie County’s sales increased from $226,999,795 to $242,758,477, a 6.94 percent increase.
Taxable sales in Watford City and McKenzie County began shaking off the after effects of the COVID-19 pandemic and the drop in oil activity at the start of the second quarter of 2021 and continued to outpace 2020 sales in the final three quarters of the year.

For the full story, subscribe to the McKenzie County Farmer