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 $3,116,465.
This month's figure reflects a 17.69 percent decrease, or a $669,818 decrease, from August 2015.
The year-to-date total sales tax revenue for fiscal year 2015-2016 is down 19.41 percent, or a $8,049,570 decrease, from last year's totals at this time. Fiscal year-to-date actual sales tax revenue is $33,417,156.
Sales tax revenue is generated by sales tax income from two months prior to collection; August collection is based on June sales.###
Media Contact: Finance Director Pam Simecka