February 11, 2009

FEBRUARY 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 $3,076,655. 

This month's figure reflects a 24.37% increase or a $602,785 increase from February 2008. 

The year-to-date total sales tax revenue for fiscal year 2008-2009 is up 21.93% or a $2,193,235 increase from last year's totals at this time.  Fiscal year-to-date actual sales tax revenue is $12,192,667.

This is the largest monthly collection ever received by the City of Midland.

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

This is the 65th consecutive month of increased sales tax revenues when compared to the same month the prior year.

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