EDMOND —
The ninth monthly sales tax reports for the fiscal year shows a decline in sales tax revenue for the City of Edmond. March receipts are 1.08 percent above the same period for last year, said Larry Stevens, city manager.
January’s report showed a 15.49 percent increase from the previous year that dropped further to 2.49 percent in February.
“This is our smallest percentage increase that we have seen all year,” Stevens reported to the City Council this week. The city’s cumulative percentage is 15.2 percent for the first nine months of the fiscal year.
March receipts reflect the last two weeks in January and the first two weeks in February.
“That’s still a very healthy increase. We’re very fortunate to be that far above our budget allocation, which was 3 percent,” Stevens said.
In January the City Council mulled over the next budget before the new fiscal year begins July 1.
Last year the council budgeted for a 3 percent rise in sales tax revenue and ended up seeing 6.18 percent growth for the fiscal year, Finance Director Russ VanderHamm said. This was the highest growth rate in the previous five years, he said.
VanderHamm recommends that the council budget for a 6 percent sales tax growth for FY 2013-14 with 5 percent budgets to follow for the next four years.
The city’s sales tax is 3.75 percent. It is added to the 4.50 percent state sales tax.
jcoburn@edmondsun.com | 341-2121
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City sales tax receipts dip in February
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Below is a listing of where donations may be taken in the Edmond area to help the Moore/Oklahoma tornado victims:
The Edmond Sun is serving as a drop-off location for the downtown Edmond area for the American Red Cross. Supplies only may be dropped off at 123 S. Broadway and residents may use the back door to enter the building. Parking is available behind the building at the Festival Market Place. Donations may be taken to Café Evoke, 103 S. Broadway, from 5-10 p.m. -
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UPDATE: How to donate, find drop-off locations for relief supplies
Below is a listing of where donations may be taken in the Edmond area to help the Moore/Oklahoma tornado victims:
• The Edmond Sun is serving as a drop-off location for the downtown Edmond area. Supplies only may be dropped off at 123 S. Broadway and residents may use the backdoor to enter the building. Parking is available behind the building at the Festival Market Place. From 5-10 p.m. donations may be taken to Café Evoke, 103 S. Broadway.
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• Santa Fe High School is serving as a drop-off location for supplies such as work gloves, tools, etc. through today. -
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The Oklahoma Insurance Department has made an emergency declaration, allowing out-of-state adjusters to work storm damaged areas, said agency spokeswoman Calley Herth. It’s too soon to have tabulated damage estimates, Herth said.
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