The Norman Transcript


December 12, 2013

New law could be boon for municipal sales tax receipts

NORMAN — Norman, Moore and Cleveland County sales tax receipts are on an upward trend, with high hopes for a great holiday shopping season. Year-to-date, Norman sales tax receipts are up 5.32 percent — a full percentage above budget predictions.

Norman Finance Director Anthony Francisco reported that Norman’s sales tax receipts from the Oklahoma Tax Commission deposited Dec. 9 were $5,234,269. Of that amount, $747,752 are Public Safety Sales Tax dollars.

After deducting the PSST fund, the city’s receipts are up 6 percent over the same period last year.

A portion of this month’s increase could be related to a one-time rebate expected from the OTC to reconcile administration costs. The Oklahoma Municipal League has been working with the OTC on accountability for its administration fees.

“It has been determined that OTC’s cost is less than what we’ve been paying them for administration,” Mayor Cindy Rosenthal said.

Norman’s use tax receipts are also up, coming in at $234,139 compared to $214,111 last year. Use tax is primarily associated with construction. Rebuilding after the May tornadoes and the increase in storm shelters are likely contributing to that growth.

In Norman, the number of permits issued weekly for residential storm shelters has continued to be strong. In the city manager’s most recent report to city council members, 60 single-family addition/alteration permits were issued, valued at $273,214 — 40 of them were for storm shelters. It’s a trend the city has seen since the end of May.

Moore’s sales tax receipts for December were $2,709,761, an increase over last year’s collections of $2,131,304. Moore use tax rang in at $72,982, also an increase over last year’s receipts of $62,069.

While some of the Moore sales tax increase is due to the new quarter-penny park tax, the general fund receipts continue to show astounding growth, Moore Finance Director Jim Corbett said.

Text Only | Photo Reprints
  • 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

  • Leftover loss still hurting

    OKLAHOMA CITY — Cities, counties and school districts remain frozen out of a federal program that has sent millions of dollars worth of trenchers, trailers, semis, bulldozers, boats and forklifts and other equipment over the years....

    July 19, 2014

  • City and state briefs

    Transportation needs listed The White House released a new report this week from the Council of Economic Advisers and National Economic Council on the long-term economic benefits of transportation investment and why conditions in the ...

    July 17, 2014

  • Griffin Park 6 Proposal requests improving, expanding youth sports facilities

    Improving and expanding Norman’s youth sports facilities will generate revenue in tourism dollars, say advocates of Norman Forward, a grassroots initiative launched last week. The package proposed by Norman business leaders and community ...

    July 16, 2014 1 Photo

  • Norman sales tax slump not an indicator for FYE 2015

    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 ...

    July 11, 2014

  • Library tops city’s list of desired amenity

    Businessman Mike Fowler promised to lead Norman forward during his inaugural speech as the incoming Norman Chamber of Commerce Board of Directors chairman this year. Months before that declaration, however, Fowler and a group of Norman ...

    July 11, 2014

  • City briefs

    Inaugural 2014 Rookie Camp at Whittier Recreation Center The Inaugural 2014 Rookie Camp for ages 4-7 will take place from 10 a.m. to noon Monday through Thursday at the Whittier Recreation Center, 2000 W. Brooks St....

    July 11, 2014

  • Legacy Trails expected to be regional draw to TIF retail district

    The Norman City Council approved a Business Improvement District on Tuesday to pay for maintenance of Legacy Park. The park is expected to be a regional draw, enhancing the University North Park retail area and bringing people to the area ...

    July 9, 2014