2018 - same story in the Drive for 2.5%

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

spending for NF projects is front-loaded

(see https://nfmonthbymonth.blogspot.com/2017/07/nfst-financial-issues-matter-now.html),

we need to be planning for revenue shortfalls now.