The Moore American

Local News

November 20, 2013

Moore sales tax booming

MOORE — Post tornado sales tax collections are booming in Moore and Norman. Moore’s sales tax receipts on the 3 percent collected for city coffers are an astounding 18.81 percent above last year’s collections for the same time period, Moore Finance Director Jim Corbett reported.

“That was amazing,” Corbett said. “A lot of people are building back. We’re up 9 percent for the fiscal year.”

Moore’s total sales tax receipts of $2,577,348 include an extra quarter penny for parks that was not collected last year as well as public safety funds.

Moore’s use tax collections also are up, ringing in at $71,781, well above last year’s November receipts of $63,326.

The Oklahoma Tax Commission deposit letters received Nov. 8 represent tax collections primarily from mid-August through mid-September.

Norman received $5,045,219 in sales tax from the OTC. After deducting $244,050 in Public Safety Sales Tax, the remaining $4,324,474 represents a hefty 5.98 percent increase over last year’s collections. Norman’s sales tax is tracking at 5.18 percent above last year, running ahead of budget predictions.

Norman’s total use tax receipts of $214,273 also are up over last year’s $189,850.

“It was a very good month,” Francisco said. “We are on a positive trend.”

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