JUNE SALES TAX REVENUES

JUNE SALES TAX REVENUES

The City of Midland has collected this month’s revenue from the State Comptroller’s Office. The total amount of revenue received was $1,952,628. {{more}} This month’s figure reflects a 22.84% increase or a $363,102 increase from June 2007. The year-to-date total sales tax revenue for fiscal year 2007-2008 is up 10.94% or a $1,765,669 increase from last year’s totals at this time. Fiscal year-to-date actual sales tax revenue is $17,912,751.Sales tax revenue is generated by sales tax income from two months prior to collection; June collection is based on April sales.This is the 57th consecutive month of increased sales tax revenues when compared to the same month the prior year.