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January 15, 2014

Sales tax collections for Moore, Norman both above budget

NORMAN — Norman sales tax took a big leap this month, rising 19.47 percent over last year’s receipts for the same time period. Moore sales tax is steadying out but still running well above budget.

Norman received $5,702,553 from the Oklahoma Tax Commission this month. Of that, $814,649 is from the Public Safety Sales Tax.

“Last year in January, we had some major retailers that did not report on time, so we were down 9 percent,” Norman Finance Director Anthony Francisco said. “We’re comparing to that number.”

Despite the reporting discrepancy, Norman sales tax collections are doing well, running at or above budget so far this year.

“This should put us on the same trend we’ve been on of running about 5 percent above last year, but we won’t know until next month when last year’s anomaly has worked itself out,” Francisco said. “What will be most useful will be to compare year-to-date numbers next month.”

Moore received $2,739,274 in sales tax collections this month.

“The increase was 6.78 percent,” Moore Finance Director Jim Corbett said. “Year-to-date, I have 10.78 percent. It wasn’t as big as we’ve seen in prior months, but it’s still a big increase.”

Use tax is also doing well, he said.

“We are close to meeting our budget after seven months. We budgeted $700,000 for use tax, and year to date we’ve received $628,609,” Corbett said.

That computes to $200,000 over budget.

Use tax represents primarily out-of-state purchases, including construction and online.

“My guess is the majority of it in Moore is construction,” Corbett said.

Cleveland County deposited $691,788, which is up 15.65 percent above last January’s receipts of $598,139.

January tax receipts primarily represent collections from November.

Joy Hampton

366-3544

jhampton@

normantranscript.com

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