Norman is still treading water … and the Norman Forward fiscal situation with it. Here are the tax
numbers from January (collected in November) and February (collected in December).
Month
Remitted
|
Month
collected
|
NFST
(month)
|
NFST
(FYE18 to
date)
|
% change over
FYE17
month
|
% change
over FYE17
year to date
|
January
|
November
|
$896,192
|
$5,708,217
|
6.22%
|
0.56%
|
February
|
December
|
$852,494
|
$6,560,711
|
-0.80%
|
0.38%
|
We would need NFST receipts to grow at 6.95% over the next 4 months in order to make our
projected benchmark of 2.5% growth in FYE18 - it is safe to say that this will not happen.
And the growth benchmarks go up to 4.25% for each Fiscal Year starting in FYE19. Given that the
And the growth benchmarks go up to 4.25% for each Fiscal Year starting in FYE19. Given that the
spending for NF projects is front-loaded
we need to be planning for revenue shortfalls now.
