The Norman Transcript


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
  • 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