The Edmond Sun

January 16, 2014

Sales tax receipts stay high since June

James Coburn
The Edmond Sun

EDMOND — City of Edmond sales tax dollars were up 18.2 percent from the same month two years ago, City Manager Larry Stevens reported to the city council this week.

The budget for fiscal year 2013-14 is based on two years ago because the city council considered the total $48.547 million of receipts to be an anomaly.

“As a result now through the seventh month of our current fiscal year, we still remain about 18.9 percent above two years ago,” Stevens said. “That’s the same percentage we had last month as well.”

The city’s sales tax receipts remains three times above the 6-percent budget set by the city council in June. January’s receipts represent the last two weeks of November and the first two weeks of December.

“Those numbers are extremely encouraging and we hope the trend continues,” Stevens said.

The city council is considering setting the next fiscal year budget for 7 percent growth due to two years of sales tax growth. The new fiscal year will begin on July 1. | 341-2121