News Flash Home
The original item was published from 5/9/2018 3:48:13 PM to 6/6/2018 2:02:38 PM.

News Flash

City of Midland News Release

Posted on: May 9, 2018

[ARCHIVED] May Sales Tax Revenue

The City of Midland has collected this month's revenue from the State Comptroller's Office. The total amount of revenue received was $4,824,350.

This month's figure reflects a 46.75 percent increase ($1,536,803 increase) from May 2017.

The year-to-date total sales tax revenue for fiscal year 2017-2018 is up 38.40 percent ($9,115,129 increase) from last year's totals at this time. Fiscal year-to-date actual sales tax revenue is $32,851,254.

Sales tax revenue is generated by sales tax income from two months prior to collection; May collection is based on March sales. The City’s fiscal year runs from October through the following September.

###

Media Contact: Pam Simecka, Director of Finance. (432) 685-7210.

Facebook Twitter Email