Sales tax revenue in Midland, Texas, for February 2025 remained consistent with figures from the previous year. The Texas Comptroller announced that the city collected $6.648 million during February, marking a change of less than 1% compared to February 2024.
Although the city’s fiscal year 2024-25 is nearly on par with fiscal year 2023-24 through its first five months, the current year-to-date total of $28,795,718 surpasses the budget by $1.15 million. Sales tax revenue is derived from sales two months prior; thus, February's collection reflects December sales activity. Midland retains one cent of the city's total 8.25% sales tax.
An analysis indicates that February 2025's sales tax revenue primarily stemmed from retail activities. Meanwhile, Midland County experienced a $528,000 decrease in revenue compared to February 2024, potentially indicating slower activity in the oil industry.
The December holiday retail season likely contributed to a leveling off in sales tax revenue as more shopping occurred earlier in the fall than in previous years. Comparing January 2025 to January 2024 reveals an increase in contributions from Professional & Consulting Services and a slight decrease from Manufacturing, predominantly related to oil.
The February report may mirror January’s trends with most industries remaining stable and overall collections exceeding budget forecasts.