The Norman Transcript

March 12, 2013

Norman sales tax is upwardly mobile

By Joy Hampton
The Norman Transcript

NORMAN — After lagging behind budget projections for the ongoing fiscal year, Norman sales tax collections are finally bouncing back.

Norman Finance Director Anthony Francisco reported that disbursements from the Oklahoma Tax Commission received on March 9 were 5.39 percent above last year’s March receipts.

Those collections of $4,757,113 exceed 2012 numbers by $208,537.

Public Safety Sales Tax diverted from that total equaled $679,587, according to Francisco’s monthly report.

Francisco and his staff budgeted for a 4 percent increase this fiscal year. February receipts were 11.87 percent above last year, but that figure is misleading, Francisco said last month some major retailers had reported late, resulting in low January collections.

The increased collections received this month will help get the city back to the coveted 4 percent budget mark.

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