June 11, 2008

JUNE 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 $1,952,628. 

This month's figure reflects a 22.84% increase or a $363,102 increase from June 2007. 

The year-to-date total sales tax revenue for fiscal year 2007-2008 is up 10.94% or a $1,765,669 increase from last year's totals at this time.  Fiscal year-to-date actual sales tax revenue is $17,912,751.

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

This is the 57th consecutive month of increased sales tax revenues when compared to the same month the prior year.

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