The Norman Transcript

Headlines

June 12, 2014

Norman, Moore sales tax revenues continue upward trend at fiscal-year end

NORMAN — While Norman and Moore sales tax receipts are up again this month, Purcell is lagging, a likely link to the bridge closure.

Fiscal Year 2014 ends June 30; this is the final sales tax receipts for the fiscal year.

With the June 9 deposit from the Oklahoma Tax Commission, cumulative receipts for the soon-to-end fiscal year are tracking above budget in most area municipalities.

“That’s a very positive indication of a healthy economy,” Norman Finance Director Anthony Francisco said. “This is the highest growth rate we’ve had since the recession of 2008.”

Norman’s total deposit for June was $5,330,018. After deducting $761,430 for the Public Safety Sales Tax fund, Norman is up 7.39 percent over receipts from the same time period in 2013.

Unlike its neighbors, Purcell saw a decrease of more than 9 percent from last year’s tax revenue for the same time period. Purcell city leaders had feared the closure of the Lexington-Purcell bridge would have an adverse affect on sales tax. The 2014 June receipts for Purcell were $339,858, compared to $375,024 in 2013.

Year-to-date, Norman is tracking 5.72 percent above FY 2013. Francisco and his staff had budgeted for 4.25 percent growth, so this is good news for Norman.

Use tax, which represents mostly construction, was slightly down for the month. Total use tax receipts for June were $193,851 compared to last year’s $203,156. Year-to-date, use tax is up, with $2,508,472 for FY 2014 versus $2,398,141 last year.

It’s still too early to tell how the city will fare overall for other major general fund revenues.

“For franchise fees, it’s been all over the map,” Francisco said.

A mild summer last year meant franchise fees from utility companies were down, but a cold winter resulted in higher franchise fees from gas companies. Other franchise payments such as telecom companies are not in yet.

Text Only | Photo Reprints
Headlines
  • Body 1 Police identify woman found dead Monday

    Norman police have identified a woman found dead in her home at 2202 Donna Drive Monday afternoon. Police responded at 1:25 p.m. to the residence of Cassandra Thompson, 30, after receiving a report that she had not shown up for work ...

    July 29, 2014 1 Photo

  • Residents speak out about document regarding shelter photos

    Norman and metro-area residents showed up in overwhelming numbers, many in red shirts, for an Animal Shelter Oversight Board meeting Monday night demanding for their opinions to be heard....

    July 29, 2014

  • Mixon’s attorney says athlete acted in self-defense

    The attorney for Oklahoma running back Joe Mixon says the incident that left a 20-year-old female OU student with multiple facial fractures was a case of self-defense. “This past Friday morning, Joe Mixon found himself in a situation ...

    July 29, 2014

  • Cool snap brings heat relief to Oklahoma, Arkansas

    OKLAHOMA CITY — The dog days of summer are coming in with a whimper. Weather forecasters say a cold front headed for Oklahoma and Arkansas will bring unseasonably cool temperatures and a chance of rain through next week....

    July 29, 2014

  • Be ready for ‘prolonged’ Gaza war, prime minister says

    GAZA CITY, Gaza Strip — Signaling an escalation of Israel’s Gaza operation, Prime Minister Benjamin Netanyahu told Israelis Monday to be ready for a “prolonged” war, and the military warned Palestinians in three large neighborhoods to ...

    July 29, 2014

  • FBI defends search for Oklahoma City bombing video

    SALT LAKE CITY — The FBI thoroughly searched its archives and found no evidence that more videos of the Oklahoma City bombing exist, agency employees told a judge Monday in a trial that has rekindled questions about whether any others were ...

    July 29, 2014

  • County moves forward on nursing home bonds

    Cleveland County commissioners on Monday approved a resolution authoring a county trust to issue up to $15 million for a nursing home on the site of the former Whispering Pines nursing home at 501 E. Robinson St....

    July 29, 2014

  • Deal to improve health care costs $17B

    WASHINGTON — A bipartisan deal announced Monday would authorize about $17 billion to help veterans avoid long waits for health care, hire more doctors and nurses to treat veterans and make it easier to fire executives at the Department of ...

    July 29, 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

  • Little Axe Health Center hosting blood drive

    Norman-area blood donors this summer will not only save lives when they donate with Oklahoma Blood Institute (OBI), they’ll also get “Feel Cool” T-shirts and two tickets to the Oklahoma City Zoo....

    July 29, 2014