EDMOND — Sales tax collections continue to show positive growth, giving Edmond a 17.95 percent increase over the same five-month period a year ago.
“We continue to see very good numbers from our most critical revenue source,” said City Manager Larry Stevens.
This year's budget projection was for 3 percent growth. The fiscal year began in July.
So far, Edmond has collected $25,646,378 million in sales tax revenue, up more than $6.8 million from last year.
“This is extremely positive growth,” said Ross VanderHamm, city finance director.
Again this month, city officials said one of the major reasons for the revenue increase is the sale of materials for roof repairs from a summer hailstorm.
This is the fourth month sales taxes from material for roof repairs have been a major factor in the city's major revenue source.
VanderHamm said he thinks the normal sales tax growth should be between 6 and 8 percent once the sale of roof repair materials is over.
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.