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The original item was published from 5/11/2016 2:06:26 PM to 6/16/2016 12:00:08 AM.

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City of Midland News Release

Posted on: May 11, 2016

[ARCHIVED] May sales tax revenues released

The City of Midland has collected this month's sales tax revenue from the State Comptroller's Office.

The total amount of revenue received was $3,412,850.

This month's figure reflects a 14.37 percent decrease, or a $572,744 decrease, from May 2015.

The year-to-date total sales tax revenue for fiscal year 2015-2016 is down 19.18 percent, or a $5,984,740 decrease, from last year's totals at this time. Fiscal year-to-date actual sales tax revenue is $25,212,985.

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

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Media Contact: Finance Director Pam Simecka

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