Tall City Collects Sales Tax Revenue
By: Big 2 News Staff
Updated: January 18, 2012
MIDLAND -- The City of Midland has collected this month's revenue from the State Comptroller's Office. The total amount of revenue received was $2,598,119.
This month's figure reflects an 18.23% increase or a $400,683 increase from January 2011.
The year-to-date total sales tax revenue for fiscal year 2011-2012 is up 21.20% or a $1,851,736 increase from last year's totals at this time. Fiscal year-to-date actual sales tax revenue is $10,588,378.
Sales tax revenue is generated by sales tax income from two months prior to collection; January collection is based on November sales.
This month's figure reflects an 18.23% increase or a $400,683 increase from January 2011.
The year-to-date total sales tax revenue for fiscal year 2011-2012 is up 21.20% or a $1,851,736 increase from last year's totals at this time. Fiscal year-to-date actual sales tax revenue is $10,588,378.
Sales tax revenue is generated by sales tax income from two months prior to collection; January collection is based on November sales.
