JUNE SALES TAX REVENUES

JUNE SALES TAX REVENUES

By Floyd Miller

 

 

 

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.