Odessa sales tax revenue from the state in April showed a year-over-year increase for the third consecutive month as the local economy and the Permian Basin region continue to recover from an oil bust.
The April sales check from the Texas Comptroller of Public Accounts amounted to more than $3.57 million, a nearly 26 percent increase from the same period of 2016. A fifth of the monthly sales tax check goes to the Odessa Development Corporation, or about $714,388.
The latest payment left the City of Odessa with more than $1.68 million in sales tax revenue above what city administrators projected for this point in the fiscal year. City leaders budgeted about $3.3 million less in sales taxes, about $29.9 million, for the fiscal year that began Oct. 1.
The Ector County Hospital District also saw continued gains in the April sales tax check of more than $3.12 million, a nearly 34 percent increase from the same month of last year.
The City of Midland also saw an increase in sales tax revenue in April of nearly 11.6 percent to more than $4.05 million compared to the same period of 2016.
Statewide, sales tax figures distributed by the comptroller’s office to cities, counties, transit systems and special purpose taxing districts increased by about 4.9 percent in April compared to the same month last year. The allocations are based on February sales.
