The City of Norman received about $6.3 million Monday from the Oklahoma Tax Commission for the most recent sales tax collection.
The city collects two dedicated sales taxes: the Public Safety and the Norman Forward sales taxes. The amount left goes to the general and capital funds. Receipts were up 4.5% from a year earlier, according to a finance department news release.
The commission's September payment to the city is for sales made in July.
Finance Director Anthony Francisco said the city is still below what they budgeted as a growth projection, but this one month of growth puts them back on a positive trend that he hopes will continue.
This is the third collection for Fiscal Year 2020, which started July 1, and represents 23.8% of the total sales tax budgeted for the fiscal year.
"This is the first monthly remittance that was up for this fiscal year, so that's a positive sign," Francisco said. "We are now three months into the fiscal year and we are kind of flat from where we were last year, so we continue to monitor the situation."
Collections the Public Safety and Norman Forward sales taxes each amounted to $788,094 for the month.
About $3.6 million in sales tax went to the general fund amount and $1.1 million went to the capital project fund. Francisco said anything earmarked for these funds is taken off of the top and the Finance Department considers the growth or decline related to the general purpose sales tax.
The amount left from Monday's receipts was $205,319.