CITY OF MIDLAND REPORTS RECORD SALES TAX COLLECTION

(February 8, 2024)

MIDLAND, TEXAS -- The City of Midland reported receiving a record sales tax collection for any month.

The City showed a collection of $6,693,675 this month to beat the collection from February 2023 ($6,599,940) and to beat the all-time monthly mark ($6,650,766) set in August 2023.

The City of Midland also showed its year-to-date collection from the Texas Comptroller increased to $28.921 million, which topped the $28.681 million collected through the first five months of the fiscal year last year.

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

Sales Tax report

City of Midland

February 2024: $6,693,675

February 2023: $6,599,940

Percentage increase: 1.42

FY 2024 to-date: $28,921,990

FY 2023 to-date: $28,681,167

Percentage increase: 0.84

Midland Development Corp.

February 2024: $1,673,419

FY 2024 to-date: $7,230,498

Source: City of Midland

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