The City of Odessa’s February sales tax check, which reflects sales made in December, was up 16.07% compared to last year at this time.
According to a City of Odessa news release, the city received a check of $6,691,698.62. This amount includes the Economic Development sales tax of one quarter center. The City of Odessa will receive $5,353,358.90 and the Odessa Development Corporation will receive $1,338,339.72
The year-to-date sales tax revenue for FY22-23 is up 32.44% or $5,819,823.74 compared to the budgeted amount expected at this point in the fiscal year. In addition, the ’22-23 year-to- date amount is above the previous fiscal year-to-date amount by $3,987,890.89 or 20.17%.
The city has budgeted $44 million in net sales tax revenues for this current fiscal year.
Medical Center Hospital is scheduled to receive 5,206,455 in sales tax this month (from December) for February. That’s about $800,000 more than this period last year.
