Sales tax jumps

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April 11, 2012

Sales tax jumps

By Joy Hampton The Norman Transcript The Norman Transcript Wed Apr 11, 2012, 02:06 AM CDT

NORMAN — Norman sales tax collections disbursed to the city on Monday showed nearly an 11 percent increase over last year’s collections for the same time period.

The Oklahoma Tax Commission’s disbursement to Norman in April totaled $4.7 million. Of that amount, $677,445 are Public Safety Sales Tax funds.

So far this fiscal year, sales tax collections have been tracking slightly above budget. The city budgeted for 4.6 growth, according to Finance Manager Anthony Francisco.

March collections were up nearly 5 percent over 2011. The April receipts are $401,439 — or 10.96 percent more than last year — well exceeding budget projections. The city’s fiscal year ends June 30.

Joy Hampton 366-3539 jhampton@ normantranscript.com

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