News Flash Home
The original item was published from 9/10/2021 2:31:05 PM to 1/1/2022 12:00:10 AM.

News Flash

News Releases

Posted on: September 10, 2021

[ARCHIVED] September Sales Tax Check

The City of Odessa received its September sales tax check, in the amount of $4,494,988.50.

The City of Odessa received its September sales tax check, in the amount of $4,494,988.50. This amount includes the Economic Development sales tax of ¼ cent. The City of Odessa will receive $3,595,990.80 and the Odessa Development Corporation will receive $898,997.70.

The City saw an increase in sales tax revenue with September’s sales tax revenue total of $3,595,990.80 which reflects a $597,938.54, or 19.94% as compared to September 2020.

The year-to-date total sales tax revenue for fiscal year 2020-21 is up 14.89%, or $5,358,917.98 as compared to budgeted amount expected at this point in the fiscal year.

In addition, the 2020-21 year-to-date amount is below the previous fiscal year-to-date amount by $(6,835,376.80) or (14.18)%.

The City has budgeted $36,000,000.00 in net sales tax revenues for this current fiscal year.

Sales tax revenue is generated by sales tax revenue from two months prior to collection, i.e., September’s collection is based on July sales.

Facebook Twitter Email

Other News in News Releases

July 2022 Sales Tax Check

Posted on: July 8, 2022

June 2022 Tax Check

Posted on: June 9, 2022

National Microchip Month

Posted on: June 2, 2022

2022 Movies in the Park Lineup

Posted on: May 17, 2022

May 2022 Sales Tax Check

Posted on: May 11, 2022

Faudree Road Updates

Posted on: April 7, 2022

City Council to Discuss Lawsuit Dismissal

Posted on: February 15, 2022

No Cost COVID-19 PCR Tests

Posted on: November 28, 2021

KOB 2022 Annual Calendar of Events

Posted on: January 25, 2022