December 12, 2007

DECEMBER SALES TAX REVENUES
The City of Midland has collected this month's revenue from the State Comptroller's Office.  The total amount of revenue received was $1,734,274. 

This month's figure reflects a 4.16% increase or a $69,207 increase from December 2006. 

The year-to-date total sales tax revenue for fiscal year 2007-2008 is up 11.48% or a $594,187 increase from last year's totals at this time.  Fiscal year-to-date actual sales tax revenue is $5,769,372.

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

This is the 51st consecutive month of increased sales tax revenues when compared to the same month the prior year.

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