The Norman Transcript

Local news

October 11, 2013

Post-tornado construction boosts use tax collections, sales tax revenue in Norman, Moore

NORMAN — Use tax collections are up more than 60 percent in Moore and Norman. Moore sales tax also is tracking high, according to Oklahoma Tax Commission deposit letters that went out this week.

The sales and use tax disbursements deposited by the state in city and county accounts on Oct. 9 primarily represent August tax collections.

Moore received $2,595,644 in sales tax this month. That number includes an additional quarter-penny sales tax for park improvements that was not being collected at this time last year.

However, the general fund sales tax receipts are up 11.19 percent from last year.

“Fiscal year to date, it’s up 7.07 percent,” Moore Finance Director Jim Corbett said. “July’s receipts were down 11 percent. If we hadn’t had that big negative in July, it would be up considerably.”

Moore’s sales tax plummeted in July when several businesses were affected by the May 20 tornado.

Since roads and businesses reopened, however, sales tax in Moore has been on a strong upward trend.

Moore’s use tax receipts for October were $84,609 compared to $52,733 last year — a 60 percent increase. That use tax figure also includes the quarter cent for park improvements, but the majority of the increase is from storm recovery.

“It would be the purchase of materials and supplies for rebuilding,” Corbett said.

Norman’s use tax also is running at an all time high. Use tax receipts for October were $272,672 compared to $167,710 last year — that’s a 62 percent increase.

Norman sale tax receipts were $5,608,088. Of those funds, $801,154 are designated for the Public Safety Sales Tax fund.

General fund receipts are 3.6 percent above collections for this time last year and are slightly below budget predictions.

Year-to-date receipts are up 4.9 percent from last year, which is above budget predictions for this fiscal year.

Cleveland County sales tax receipts were $693,459, which is up from $632,726 that was received last year.

County use tax receipts also are up this year at $30, 986, compared to $22,248 received during the same time period last year.

Other area tax receipts reported this month are:

· Hall Park $3,049 in sales tax (no use tax)

· Lexington $34,865 sales tax; $2,843 use tax

· Noble $139,063 sales tax; $5,591 use tax

· Slaughterville $13,790 sales tax; $328 use tax

Joy Hampton

366-3544

jhampton@

normantranscript.com

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