Share “Edmond continues to see positive sales tax...”

Edmond continues to see positive sales tax growth

November's sales tax collection check for Edmond continued to show positive growth, giving the city a 17.95 percent increase over the same five-month period a year ago. This year's budget projection was for 3 percent growth.
by Diana Baldwin Published: November 14, 2012
Advertisement

In addition, the city has collected since April 1 more than $4.3 million for the construction of a new public safety center. People voted in a half-cent sales tax for five years to build the new center.

Shoppers in Edmond pay an 8.25 percent sales tax on purchases; 4.5 percent goes to the state and 3.75 percent is returned to the city.

Of the city's portion, 2 percent goes to the general fund and a half percent goes to construct the public safety center. The remaining city sales tax money that does not go into the general fund is divided among firefighters, the police department and capital improvements as designated by voters.

Edmond in its November check received $2,612,459 from the 2 percent designated for the general fund. That was $268,687 or 11.46 percent above the anticipated monthly amount.

by Diana Baldwin
Sr. Reporter
Diana Baldwin has been an Oklahoma journalist since 1976 and came to The Oklahoman in 1991. She covered the Oklahoma City bombing and covered the downfall of Oklahoma City police forensic chemist Joyce Gilchrist misidentifying evidence. She wrote...
+ show more


AROUND THE WEB

  1. 1
    Smartphone video of boxing clash lands blow to copyright
  2. 2
    'Shawshank' inmate arrested in Melbourne after 1959 escape
  3. 3
    Prom photo with students holding Confederate flag, guns causing controversy
  4. 4
    Real-life Hulk nearly forced to have arms amputated
  5. 5
    The Cancer Drug Market Just Hit $100 Billion And Could Jump 50% In Four Years
+ show more