City’s sales tax revenue keeps soaring

first_img WhatsApp Previous articleHIGH SCHOOL SOFTBALL: Permian, Odessa High return to diamondNext articleCOLLEGE SOFTBALL: Odessa College hosts top ranked Howard College admin Twitter Monthly sales tax allocations from the Texas Comptroller of Public Accounts.Emergency preparation supplies that qualify for the upcoming sales tax holiday. Ector Restaurant Report Logo.jpg The City of Odessa’s sales tax revenue in April showed another major increase amid growth in the local economy, totaling about 45 percent greater than the same period of 2017 and topping the monthly collection of Midland.The city received more than $5.1 million in its monthly allocation from the Texas Comptroller of Public Accounts.A fifth of the city’s sales tax revenue, or more than $1 million, goes to the city’s Odessa Development Corporation for economic development. More than $4.1 million will go to the city’s general spending fund.The city’s fiscal year began Oct. 1 with more than $30.7 million in sales tax revenue budgeted for the general spending fund, but monthly collections have consistently exceeded estimates. To date, total sales tax revenues are more than $10.6 million, or about 60.4 percent greater, than what the city budgeted for this point in the fiscal year.With months remaining in Odessa’s fiscal year, sales tax revenue flowing into city coffers outpaces fiscal year 2015, which Assistant City Manager Konrad Hildebrandt said was an all-time high.In addition to the city, the Ector County Hospital District also saw another month of growth in sales tax revenue. The hospital district received more than $4.4 million, up about 41.4 percent from the same month of last year.The City of Midland collected a sales tax check of more than $4.7 million, a more than 16.8 percent increase from April 2017.Statewide, sales tax figures distributed by the comptroller’s office to cities, counties, transit systems and special purpose taxing districts increased 5 percent in April compared to the same month last year. The allocations are based on February sales.A statewide sales tax holiday is also scheduled from April 28 to April 30 for certain emergency supplies ahead of the storm season. Items include batteries, fuel containers, flashlights, coolers, emergency ladders and generators.Just The FactsCHECKS ISSUED IN APRIL COMPARED TO THE SAME MONTH OF 2017Alpine: $113,638.05, down 14.76 percentAndrews: $540,827.23, up 22.62 percentBig Lake: $264,048.96, up 33.43 percentBig Spring: $798,855.98, up 13.04 percentCrane: $46,754.71, up 8.79 percentFort Stockton: $294,409.69, up 19.76 percentGoldsmith: $4,563.09, down 48.07 percentGrandfalls: $2,599.23, down 1.25 percentKermit: $347,164.04, up 263.05 percentLamesa: $141,159.60, up 28.3 percentMarfa: $30,839.06, up 7.85 percentMcCamey: $56,316.67, up 73.65 percentMidland: $4,732,483.18, up 16.82 percentMonahans: $409,276.75, up 59.13 percentOdessa: $5,179,811.64, up 45.01 percentPecos: $888,228.37, up 79.4 percentPresidio: $28,742.48, up 20.37 percentPyote: $25,351.99, up 705.3 percentRankin: $41,847.46, up 126.61 percentStanton: $59,173.92, up 17.83 percentToyah: $5,576.91, up 124.79 percentWickett: $28,222.08, up 288.44 percentWink: $51,913.98, up 28.83 percent More Information WhatsApp Pinterest By admin – April 12, 2018 Twitter Facebook City’s sales tax revenue keeps soaring Facebook Local NewsGovernment Pinterestlast_img read more