• November 19, 2019

Odessa receives tax refund check - Odessa American: City Of Odessa

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Odessa receives tax refund check

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Posted: Wednesday, August 15, 2018 12:45 pm

The City of Odessa recently received a refund of about $52,000 after an audit of energy consuming facilities operated by Texas Coalition for Affordable Power members.

Odessa is one of TCAP’s 160 political subdivision members, half of which are receiving refunds, a TCAP news release stated. Since 2010 Odessa has received more than $81,900 in other sorts of rebates through its membership.

“Unexpected rebate dollars always help with our city budgeting process,” City Manager Michael Marrero said in a prepared statement. “This rebate benefits Odessa and, by extension, our citizens.”

TCAP is a nonprofit purchasing consortium of cities and other political subdivisions that have come together to negotiate better prices and service terms for electricity procured for their own governmental use, the release stated. TCAP’s political subdivision members receive electricity through procurement contracts, access to leading power market consultants, legislative advocacy and savings.

TCAP members will receive more than $360,000 in government tax refunds due to the audit.

The TCAP audit also will result in about $10,000 in additional annual savings accruing to Odessa during future years because the city’s electric bills going forward will continue to reflect the tax adjustments, the release stated. Other TCAP cities eligible for the tax adjustments also will enjoy future savings.

Odessa, TX

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