CITY STARTS NEW FISCAL YEAR WITH STRONG SALES TAX REPORT

(Oct. 8, 2025)

MIDLAND, TEXAS -- The City of Midland’s sales tax collection in October was more than 7% higher than October 2024, continuing a strong run from a record-breaking fiscal year 2025.

October is the first month of fiscal year 2026, and the City started strong with a month that was not only greater than the past two Octobers (2023 and 2024) but FY 2026 started $512,821 over budget. 

Sales tax revenue is generated by sales tax income from two months prior to collection; The October collection is based on August sales. The City of Midland collects a full cent of the 8.25% of sales tax inside the City.

Analysis

• Comparing September 2025 to September 2024, there was a surprisingly large jump in engineering services (amount of $862,911), while the remainder of Professional Services stayed relatively flat
• Oil extraction itself has declined, but most other Manufacturing-related businesses appear flat
• Wholesale had a large increase from September 2024 to September 2025. Looking across FY2025, September 2025 is level with revenue in other months, while September 2024 was an exceptionally low month for FY2024.

Sales tax report

October 2025: $5,738,305

October 2024: $5,356,269

October 2023: $5,507,748

Increase from FY 2024: 7.13%

Notes: First month of the fiscal year. … The City YTD actuals are over budget by $512,821

MIdland Development Corporation

October 2025: $1,434,576