Midland, Odessa See Significant Sales Tax Revenue Increases For March
By: Dylan Brooks
Updated: March 7, 2013
MIDLAND -- Both Midland and Odessa continue to see significant gains in sales tax revenue.
Odessa received $2,896,042.09 in sales tax revenue from the Texas Comptroller's Office in March.
The sales tax figure includes the Economic Development sales tax of 1/4 cent.
The Odessa Development Corporation will receive $579,208.42 of Odessa's March sales tax revenues, while the City of Odessa will receive $2,316,833.67.
The $2,316,833.67 the City of Odessa will receive marks an 18.76 percent ($365,939.03) increase over March 2012's figures.
The City of Odessa has budgeted $25,240,023 in sales tax revenues in the 2012-2013 Fiscal Year-to-date.
The City of Odessa's Fiscal Year-to-date figures represent a 18.14 percent ($2,411,285.10) increase over the 2011-2012 Fiscal Year totals at this time.
Meanwhile, the City of Midland received $3,035,143 in sales tax revenue from the Texas Comptroller's Office in march.
The City of Midland's sales tax figures represent at 16.94 percent ($439,652) increase over March 2012's figures.
The City of Midland has budgeted $19,204,097 in sales tax revenues in the 2012-2013 Fiscal Year-to-date.
The City of Midland's Fiscal Year-to-date figures represent a 15.36 percent ($2,557,429) increase over the 2011-2012 Fiscal Year at this time.
Sales tax revenue for March comes from January 2013 sales.
Odessa received $2,896,042.09 in sales tax revenue from the Texas Comptroller's Office in March.
The sales tax figure includes the Economic Development sales tax of 1/4 cent.
The Odessa Development Corporation will receive $579,208.42 of Odessa's March sales tax revenues, while the City of Odessa will receive $2,316,833.67.
The $2,316,833.67 the City of Odessa will receive marks an 18.76 percent ($365,939.03) increase over March 2012's figures.
The City of Odessa has budgeted $25,240,023 in sales tax revenues in the 2012-2013 Fiscal Year-to-date.
The City of Odessa's Fiscal Year-to-date figures represent a 18.14 percent ($2,411,285.10) increase over the 2011-2012 Fiscal Year totals at this time.
Meanwhile, the City of Midland received $3,035,143 in sales tax revenue from the Texas Comptroller's Office in march.
The City of Midland's sales tax figures represent at 16.94 percent ($439,652) increase over March 2012's figures.
The City of Midland has budgeted $19,204,097 in sales tax revenues in the 2012-2013 Fiscal Year-to-date.
The City of Midland's Fiscal Year-to-date figures represent a 15.36 percent ($2,557,429) increase over the 2011-2012 Fiscal Year at this time.
Sales tax revenue for March comes from January 2013 sales.
