The Norman Transcript

Government

July 11, 2014

Norman sales tax slump not an indicator for FYE 2015

NORMAN — Norman sales tax collections were disappointingly low this month, kicking off the new fiscal year below budget.

The Oklahoma Tax Commission deposited $5,439,309 in sales tax receipts for Norman on July 9. The Public Safety Sales Tax portion of that collection was $777,043 — leaving the remaining total 3.79 percent above last year’s collections but well below the 4.25 percent growth Norman budgeted for the fiscal year ending 2015.

While this deposit represents collections primarily from mid-May through mid-June, the July 9 deposit is the first sales tax revenue for the new fiscal year, which started July 1.

Budgeting is always part science, part art. Budget predictions are based on a combination of historical analysis and current trends.

Sales tax is a volatile funding source and can be a headache for Oklahoma municipalities that are forced by state law to rely primarily on sales tax as a revenue source.

While Norman city leaders would have preferred to kick off the new fiscal year on a stronger note, last July was also a weak showing, with only 3.27 percent growth over 2013 receipts.

Despite the slow start, the fiscal year ending June 30 finished with sales tax receipts running 5.72 percent above Fiscal Year End 2013 and well ahead of budget predictions.

“We’re certainly pleased that we continue to show positive gains in our sales tax collections,” City Manager Steve Lewis said. “This month’s collections reflect an increase that is about half a percent higher than the increase from the same time last year. Considering that this month’s returns come on the heels of two strong months of collections, we remain optimistic about Norman’s economy.”

Other indicators are trending upward. Norman’s total use tax deposit for July was up at $235,010, compared to $214,679 last year. Use tax represents mostly construction.

Moore received $2,577,923 this month — up 23.2 percent from last year’s receipts of $2,091,362. However, July 2013 was very low because of the tornado.

Text Only | Photo Reprints
Government
  • Shelter construction ongoing; residents voice concerns

    A regular quarterly meeting of the Animal Shelter Oversight Board prompted Norman residents to speak up about more than just a photo release issue Monday night involving Friends of the Animals of Norman volunteers and the city of Norman. ...

    July 30, 2014

  • Voter registration deadline is Friday

    Friday is the last day to apply for voter registration to be eligible to vote in the Aug. 26 Runoff Primary Election. Races include federal, state and county offices, but for Cleveland County voters, the field is limited....

    July 30, 2014

  • Breast Care Center will relocate to HealthPlex

    The Norman Regional Health System will move its Breast Care Center to the HealthPlex campus, making it more accessible for patients, hospital officials said Monday. At its monthly board meeting, the Norman Regional Hospital Authority ...

    July 29, 2014

  • Officials say transparency lacking in Wal-Mart zoning

    Norman city staff recently admitted to withholding information from the public regarding a controversial zoning change in southeast Norman. If approved by the city council, the proposal will allow a Wal-Mart supercenter at Cedar Lane and ...

    July 25, 2014

  • Fracking Operation Norman library to host community dialogue about fracking

    Are Oklahoma oil companies an oligarchy that is controlling state policy? Is fracking safe? These and other topics will be the subject of an upcoming Fracking Forum from 7 to 8:30 p.m. Aug. 11 in the Norman Public Library’s Lowry Room, 225 ...

    July 24, 2014 1 Photo

  • City manager calls Moore strong while addressing Chamber

    MOORE — Moore’s City Manager Steve Eddy could have quoted Dickens: “It was the best of times, it was the worst of times.” Eddy, with help from Mayor Glenn Lewis, reported on Tuesday on the State of the City to the Moore Chamber of ...

    July 23, 2014

  • walmart City leaders say ‘yes’ to Wal-Mart supercenter postponement

    Despite complaints that a postponement request was in the eleventh hour, a zoning change in east Norman was put on hold Tuesday night. The proposal to rezone property at Cedar Lane Road between 24th Avenue Southeast and Highway 77 ...

    July 23, 2014 1 Photo

  • Moore City Council paves way for Sam’s Club location

    MOORE — The Moore City Council approved a $5 million bond Tuesday to be repaid with sales tax and utility revenues. “A good amount of street improvements needs to be done,” Moore City Manager Steve Eddy said. “This will be paid for with ...

    July 22, 2014

  • Another brick in the Wal-Mart

    Norman could soon have five Wal-Mart stores, including three supercenters and two neighborhood markets. A proposal for the newest supercenter will come before the Norman City Council at 6:30 p.m. Tuesday via a request for a zoning change on ...

    July 20, 2014

  • Local group celebrates ruling

    A local group, Mothers of Many, expressed its elation with Friday’s 10th Circuit Court ruling striking down Oklahoma’s state ban on same-sex marriage....

    July 20, 2014