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City sales tax streak hits 61
The Midland economy is still churning as the city reported another positive return on its monthly sales tax collection .
By the Midland Reporter-Telegram
The Midland economy is still churning as the city reported another positive return on its sales tax collection (when compared to the same month during the previous year).
In October
October 2008: $2,230,364
October 2007: $1,987,737
Percent increase: 13.33
Year-to-date
Fiscal year-to-date: $2,230,364
Percent increase from last year: 13.33
Note: October marks the beginning of FY 2008-09. Sales tax revenues for 2007-08 reached an all-time high of $24.94 million.
Midland’s top-five collections
August 2008: $2,703,813
February 2008: $2,473,870
February 2007: $2,429,077
May 2008: $2,389,339
May 2007: $2,281,055
Amount dedicated in October to pay off sports complex and fund the Midland Development Corp.: $515,627
In October
October 2008: $2,230,364
October 2007: $1,987,737
Percent increase: 13.33
Year-to-date
Fiscal year-to-date: $2,230,364
Percent increase from last year: 13.33
Note: October marks the beginning of FY 2008-09. Sales tax revenues for 2007-08 reached an all-time high of $24.94 million.
Midland’s top-five collections
August 2008: $2,703,813
February 2008: $2,473,870
February 2007: $2,429,077
May 2008: $2,389,339
May 2007: $2,281,055
Amount dedicated in October to pay off sports complex and fund the Midland Development Corp.: $515,627
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