December was another big month for both Midland and Odessa.
The cities brought in a total of $10,786,077.90 in taxes.
Here is the breakdown:
Midland
The City of Midland collected December's revenue from the State Comptroller's Office in the amount of $5,052,908.
This is a 6.52%, or $309,376, increase from December 2018.
The year-to-date total sales tax revenue for the fiscal year 2019-2020 is up 2.17 percent, $318,390, from 2019's totals at this time.
With this month's addition, Midland has brought in $14,998,310 over 2019.
Odessa
The City of Odessa received its December sales tax check, in the amount of, $5,733,169.93, which includes the Economic Development sales tax of 1⁄4 cent.
The City of Odessa will receive $4,586,535.94 and give the remaining $1,146,633.99 to the Odessa Development Corporation.
While Midland saw a rise, Odessa noticed a 6.08%, $296,719.74, decrease in sales tax revenue compared to December 2018.
During the 2019-2020 fiscal year, Odessa's tax revenue is 2.58%, $(377,930.34), below the previous fiscal year-to-date.
The City has budgeted $41,100,000.00 in net sales tax revenues for the current fiscal year.
Sales tax revenue is generated by sales tax income from two months prior to collection; December collection is based on October sales.
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