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The original item was published from 6/8/2016 1:58:39 PM to 6/8/2016 2:59:21 PM.

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City of Midland News Release

Posted on: June 8, 2016

[ARCHIVED] June sales tax revenues released

The City of Midland has collected this month's sales tax revenue from the State Comptroller's Office.

The total amount of revenue received was $2,518,093.

This month's figure reflects a 21.26 percent decrease, or a $679,801 decrease, from June 2015.

The year-to-date total sales tax revenue for fiscal year 2015-2016 is down 19.38 percent, or a $6,664,539 decrease, from last year's totals at this time. Fiscal year-to-date actual sales tax revenue is $34,395,618.

Sales tax revenue is generated by sales tax income from two months prior to collection; June collection is based on April sales.

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Media Contact: Finance Director Pam Simecka

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