Midland sales tax revenue soars

ODESSA, Texas (KMID/KPEJ) – The City of Midland is reporting nearly $5.5 million in sales tax revenue for July 2022, an increase of about 46% over the same period last year . But a closer look at the numbers shows that Midland’s current economy is outpacing its pre-pandemic economy.

“The numbers for the last three months have actually been higher than the same three months of 2019, and 2019 has been a really good year for us,” said Midland’s chief financial officer, Christy Weakland.

Weakland says the city’s low unemployment rate and welcoming environment for new businesses are among the reasons for the city’s strong sales tax revenue. But at the Imperial Mall in Midland, VII Beauty Lounge owner Adam Duong says there’s another element to success, at least when it comes to his business.

“(You have to be) honest with customers. When you can do something, you say “yes”. But some things you can’t do, and you say ‘no’ and you say ‘sorry’,” Duong said.

Midland now finds itself with sales tax revenues in July over $1 million above the monthly budget and in an excellent position to catch up on the city’s priorities.

“We’ve been very fiscally responsible during the COVID pandemic years because we just didn’t know where things were going, and because of that we have a bit of a catch-up to get the interview how far (he must be). Let’s just say, there was deferred maintenance,” Weakland said.

Weakland also says upgrading parks and roads will be a big priority for Midland so the city can continue to attract new businesses and young families.

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