Share “Edmond sales tax check still shows growth”

Edmond sales tax check still shows growth

The sales tax collection check for January was down, but still showed a 4.4 percent growth over a year ago. Edmond has seen a 17.66 percent growth for the first seven months of this fiscal year.
by Diana Baldwin Published: January 12, 2013
Advertisement

Part of the increase is due to the half cent sales tax that was approved to build the new public safety center. For December, the city received $621,213 from the tax. For this fiscal year, $4,728,095 has been collected 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 the city.

Of the city's portion, 2 percent goes to the general fund and a half cent 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 January check received $2,482,547 from the 2 percent designated for the general fund. That was $104,572 or 4.4 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


Trending Now


AROUND THE WEB

  1. 1
    Big 12 basketball: OU's Buddy Hield, OSU's Le'Bryan Nash make CBSSports.com top 100 college...
  2. 2
    Business strikes back with user reviews
  3. 3
    Verizon ad tech raises privacy concerns
  4. 4
    Feds fine dating site for making fake profiles
  5. 5
    The world is running out of plasma TVs
+ show more