The Norman Transcript

Government

May 14, 2013

Norman sales tax takes a hit

NORMAN — Norman sales tax dropped 3 percent from sales tax collections during the same time period last year, according to the city’s finance department.

Total sales tax remitted to the city by the Oklahoma Tax Commission on May 9 for primarily March collections was $4,681,595. Of the total collected, $936,319 will be diverted to the Public Safety Tax fund, leaving the city with $4,012,796 in sales tax, which is 3 percent below collections for last year.

However, the low number is due to an abnormality this month and does not represent actual tax collected.

“We took a reduction because of a refund that was given to AT&T for Internet sales that they have between 2007 and 2010 that were deemed to be tax exempt,” Norman Finance Director Anthony Francisco said. “When the tax commission reaches a settlement with the taxpayer, the settlement is applied at one time, even though the overpayment was for a period of three years.”

The settlement amount was $292,881.

Had that total been included in this month’s payment to the city, Norman would have seen an increase, rather than a decrease, in its sales tax collections. The increase for the month’s collections would have been up 4.1 percent above last year.

Even at that, Norman is still running slightly below budget predictions of a 4.25 percent increase. Earlier in the fiscal year, other revenue sources were performing above budget to fill that gap. Francisco said whether that is still the case has not been determined and the finance department will report on that at the end of May.

1
Text Only | Photo Reprints
Government
  • 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

  • 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