Edmond gets $500,000 more sales tax money
Officials said correction of a mistake at the state Tax Commission turned up $500,000 more in sales tax revenue. Construction permits for single-family homes were up 55 percent for 2012 compared to the previous year.
Edmond voters in 2000 voted 3/4 of a cent sales tax increase to be designated for capital projects. The task force oversees the money and projects voters said they wanted accomplished when the tax was approved.
Over the last six months, VanderHamm said, spending on building materials has been huge, partly for roof repairs from the summer hailstorm.
City Manager Larry Stevens said Edmond had a 55 percent increase in construction permits for single-family homes compared to the previous year. For 2012, there were 603 permits, up from 387 in 2011.
“For the past two and a half years this number has continued to go up, following a four-and-a-half-year period of decline,” Stevens said. “This is encouraging.”
Commercial permits increased from 14 to 23 when comparing the two years. The city manager called it a “healthy increase.”
“The numbers are pointing in a positive direction,” Stevens said.
Ken Rees, task force chairman, said, “This is awful good news.”
Shoppers in Edmond pay 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 remaining half cent to 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.
News Photo Galleriesview all
- 33271Oklahoma weather: Crews work to clear storm damage in Oklahoma City as the state braces for severe weather Sunday.
- 24362Oklahoma Severe Storm Updates
- 6895OKC Thunder GM Sam Presti won't amnesty Kendrick Perkins
- 6548Wild hogs continue to be a growing menace across Oklahoma
- 4476OKC Thunder: Thunder trio praise fans before potential departures
- 4156Student shot dead during botched home invasion
- 3398Oklahoma State football: Todd Monken thinks Wes Lunt should've stayed in Stillwater