Data note: I have been relying on the numbers reported by the Norman Transcript (thanks, Joy Hampton!) for these numbers and I continue to do so for August -http://www.normantranscript.com/news/government/sales-tax-continues-to-run-below-last-year-s-receipts/article_40595734-c697-5395-b5e7-227779271f9f.html. Unfortunately, the article that covers the July numbers -http://www.normantranscript.com/news/government/niche-markets-may-be-faring-better-in-economic-downturn/article_c7572580-86a4-522c-95f6-385e8f3650b3.html - does not include the precise NFST numbers. In order to calculate those numbers, I ‘reverse engineered’ them from Oklahoma Tax Commission reports. Again, if you have different numbers, please let me know and we will work them into the analysis!
July, method 1
The July benchmark was $870,665.
The July NFST collection was $805,400.
The July shortfall was $65,265, 7.50% of the benchmark.
July, method 2
The July benchmark was $836,748.
The July NFST collection was $805,400.
The July shortfall was $31,348, 3.75% of the benchmark
August, method 1
The August benchmark was $870,665.
The August NFST collection was $816,566.
The August shortfall was $54,099, 6.21% of the benchmark.
August, method 2
The August benchmark was $890,201.
The August NFST collection was $816,566.
The August shortfall was $73,635, 8.27% of the benchmark
Year to date, method 1
The YTD benchmark was $6,852,975.
The YTD NFST collection was $6,169,917.
The YTD shortfall was $683,058, 9.97% of the benchmark.
Year to date, method 2
The YTD benchmark was $6,746,412.
The YTD NFST collection was $6,169,917.
The YTD shortfall was $576,495, 8.55% of the benchmark.
