Sales tax down slightly
The City of Odessa’s sales tax check from the state for May totaled more than $6.4 million, exceeding the city’s year-to-date projection by 65.52%.
A .25-cent economic development sales tax is included in the amount, meaning the city will receive $5,147,961.62 and the Odessa Development Corporation will receive $1,286,990.41.
Odessa collected 2.49% less in sales tax this month than the same month last year, and they have received $30,948,920.11 year-to-date, about $3 million more than they received last year at this time.
Midland pulled ahead of Odessa this month in sales tax, collecting more than $6.9 million, but that is also down 14.57% compared to the sales tax check they collected for the same month last year. Both cities have a 1.25% sales tax rate.
The payments are generated by sales tax revenue from two months prior to collection. In this case, May is based on March sales.
The Ector County Hospital District received a May sales tax check of more than $4.7 million, about 3.44% less than the same month last year.