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The original item was published from 7/7/2016 11:34:46 AM to 8/11/2016 12:00:07 AM.

News Flash

City of Midland News Release

Posted on: July 7, 2016

[ARCHIVED] July 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 $2,569,612.

This month's figure reflects a 21.77 percent decrease, or a $715,213 decrease, from July 2015.

The year-to-date total sales tax revenue for fiscal year 2015-2016 is down 19.59 percent, or a $7,379,752 decrease, from last year's totals at this time. Fiscal year-to-date actual sales tax revenue is $30,300,691.

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

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Media Contact: Finance Director Pam Simecka

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