The City of Odessa’s sales tax revenue in March showed sustained growth in the local economy, totaling more than 62.3 percent greater than the same period of 2017.
The city received $5.4 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 $4.3 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, sales tax revenues are more than $8.7 million, or about 57.6 percent, from what the city budgeted for this point in the fiscal year.
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 $4.2 million, up about 54.5 percent from the same month of last year.
The City of Midland collected a sales tax check of more than $5.4 million, a more than 26 percent increase from March 2017.
Statewide, sales tax figures distributed by the comptroller’s office to cities, counties, transit systems and special purpose taxing districts increased 8.3 percent in March compared to the same month last year. The allocations are based on January sales.
CHECKS ISSUED IN MARCH COMPARED TO THE SAME MONTH OF 2017
- Alpine: $133,708.97, up 3.3 percent
- Andrews: $658,072.68, up 51.87 percent
- Big Lake: $256,295.13, up 14.91 percent
- Big Spring: $783,554.28, up 24.23 percent
- Crane: $47,631.97, up 9.13 percent
- Fort Stockton: $332,819.84, up 24.02 percent
- Goldsmith: $8,035.04, up 35.37 percent
- Grandfalls: $2,868.03, down 1.01 percent
- Kermit: $223,655.33, up 195.91 percent
- Lamesa: $112,837.12, up 6.95 percent
- Marfa: $29,165.58, down 5.29 percent
- McCamey: $63,619.20, up 37.64 percent
- Midland: $5,401,078.20, up 26.01 percent
- Monahans: $373,410.95, up 59.86 percent
- Odessa: $5,408,871.18, up 62.38 percent
- Pecos: $860,660.30, up 94.95 percent
- Presidio: $28,007.50, up 8.68 percent
- Pyote: $10,261.16, up 250.9 percent
- Rankin: $15,651.49, down 28.8 percent
- Stanton: $67,063.14, up 2.05 percent
- Toyah: $7,764.35, up 204.31 percent
- Wickett: $24,138.48, up 1,823.23 percent
- Wink: $53,329.32, up 90.03 percent