YHOO* On Other Exchanges
Symbol
Exchange
Mexico
NASDAQ GS
Frankfurt
text size: T | T
McClatchy-Tribune  01/12/2017 12:01 AM ET
City's sales tax decline narrows [Odessa American, Texas]

Jan. 12--Declines in the City of Odessa's sales tax revenue from the state continued to narrow in January, figures released Wednesday by the Texas Comptroller of Public Accounts show.

January sales tax revenue dropped by 1.67 percent from the same period of last year to more than $3.18 million. A fifth of the monthly sales tax check goes to the Odessa Development Corporation, or about $637,043.

The rate of decline steadily narrowed in recent months, following a 7.8 drop in December and an 8.75 percent drop in November compared to the same periods of 2015. Sales tax reached a year of decline in June.

The Odessa City Council budgeted about $3.3 million less in sales taxes, about $30.6 million, for the fiscal year that began Oct. 1.

Meanwhile, January sales tax check to the Ector County Hospital District dropped 5.12 percent from the same month of 2015 to more than $2.58 million.

The City of Midland again saw sales tax revenue barely decline in January, dropping 0.63 percent to more than $4.23 million from 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 January compared to the same month last year. The allocations are based on November sales.

Follow Odessa American on twitter @OdessaAmerican, like us on Facebook at Odessa American or call 432-333-7714 for the main newsroom line.

 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Industry News

Coupa Scores Customer Win in Germany

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact YAHOO! INC, please visit . Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.