The Norman Transcript

Editorials

January 16, 2014

Consumer spending strong

NORMAN — The area’s economy seems to be humming along quite well, thank you. Norman sales tax figures, although a bit skewed because of some reporting delays, were up more than 19 percent compared to the same period a year earlier.

City officials said $5.7 million was received this month, and $814,649 was from the city’s half-cent Public Safety Sales Tax. Officials are determining whether to bring an extension of that temporary tax back up for a public vote.

Finance director Anthony Francisco said the city was down at this time this past year because some major retailers did not report their sales on time. The boost this month will bring the city to about 5 percent more than last year, but the real test will be the year-to-date next month when the taxes catch up.

Moore continues to show vigorous retail activity. Their taxes were up more than 6.5 percent over the previous year. The county’s half-cent sales tax was up 15.65 percent and generated $691,788 to pay toward the detention center.

Statewide, sales taxes were only up about 2 percent.

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