The Moore American

Local News

August 21, 2013

Sales tax leap boosts coffers

MOORE — Moore and Norman sales tax showed a big bump this month with collections in Moore running 16.3 percent above last year and Norman’s taking an 8.82 percent leap above last year.

The Oklahoma Tax Commission’s disbursement to Moore on Aug. 8 was $2,711,274 — strong growth over last year’s $2,176,077. Part of that growth was from the newly implemented quarter-penny sales tax for the new park fund. However, the 3 percent general sales tax collection was $2,167,370 which is up 16.3 percent over last year’s disbursement of $1,863,45.

“That’s one of our largest increases ever,” said Moore Finance Director Jim Corbett.

Corbett said there was a lot of activity during the rebuilding of Moore following the May 20 tornado.

“We had many volunteers here,” Corbett said. “They would eat at restaurants and shop, and of course the rebuilding which has started.”

Moore’s use tax was $105,105 this year. A year ago it was $55,150.

“It’s rare for us to exceed $100,000 in use tax,” Corbett said.

“It was a good month,” said Norman Finance Director Anthony Francisco. “I suspect that this positive sales tax report is starting to reflect the impact of the storms in May.”

Norman’s disbursement from the tax commission on Aug. 8 was $5,238,043. Of that, $748,291 will be diverted to the Public Safety Sales Tax fund. Use tax saw a slight decrease this month with $227,803 coming in compared to $234,916 last year.

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