Leadership Circle Award Platinum LogoThe Finance Department strives to provide timely and accurate financial information to the citizens, Council, and the employees of the City of Odessa. The main objective is to minimize short and long-term costs of financial services by efficiently monitoring and managing City resources.

Info Disclaimer: The information in the Budget and CAFR Documents has not been updated for developments subsequent the issuance of each document.

*Historical Information: Note the prior years documents are "dated information for historical reference only".

Budgets

*Historical Budget Data

Property Tax Rate:
For the 2016-17 fiscal year, the total tax rate is $0.470590 per $100 of valuation; $0.099659 is for debt payments and the remaining $0.370931 is for operations and maintenance in the General Fund.

Tax rate table

Sales Tax Rate: 
    State                                     6.25%
    Local:
        General Fund-City              1.00%
        Hospital District                  .75%
        Economic Development        .25%

Hotel/Motel Tax Rate:    
        State                                     6%
        Local                                     7%   

Financial Reports / Notices

Payroll Summary:

Debt Service Summary:

 Self - Insurance/3rd Party Disbursements Summary:

By publicly posting the following written disclosure, the City of Odessa intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.

Independent Registered Municipal Advisor Certificate
September 15, 2016

The City of Odessa (‘City’) has retained an independent registered municipal advisor.  The City is represented by and will rely on its municipal advisor, FirstSouthwest, a Division of Hilltop Securities Inc., to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products (including investments of bond proceeds and escrow investments).
 
The individual with primary responsibility for advising the City on such matters is George Williford, Managing Director.
 This certificate may be relied upon until withdrawn by us.

 Contact Information: 

Finance
411 W 8th Street
Odessa, TX 79761
Phone: (432) 335-3219
Email: finance@odessa-tx.gov

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