City of Odessa July sales tax revenue totals over $5M - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: |

City of Odessa July sales tax revenue totals over $5M

(Source: City of Odessa) (Source: City of Odessa)

The City of Odessa has received its sales tax revenue check for the month of July.

The amount for this check totaled $5,850,554.77.

Out of this total, the city will receive $4,680,443.82 in funds. The other $1,170,110.95 will go to the Odessa Development Corporation.

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Compared to July 2017 numbers, Odessa received an increase in revenue of $1,400,886.60 or 43.72 percent.

The year-to-date sales tax revenue for 2017-2018 is 68.15 percent more than expected for the year. It is also 47.63 percent above the year-to-date amount of the previous year’s revenue.

July’s sales tax revenue was generated from May sales as revenue comes from two months prior.

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