News Flash

City of Midland News Release

Posted on: February 12, 2020

February 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 $5,118,462.

This month’s figure reflects an 11.31 percent decrease ($652,635 decrease) from February 2019.

The year-to-date total sales tax revenue for fiscal year 2019-2020 is down 3.05 percent ($764,528 decrease) from last year’s totals at this time. Fiscal year-to-date actual sales tax revenue is $24,261,487.

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


###


Media Contact: Jamie Radcliff, Budget Manager. (432) 685-7214.

Facebook Twitter Email