Sales tax receipts in the thriving oil town of Midland, Texas, fell this month, only the second decline in five years and one of the first signs of how low oil prices are beginning to ripple beyond oil company bottom lines and into the wider economy. Midland’s sales tax revenues, which reflect commercial and residential spending, dipped to $5.119 million in March from $5.126 million in March 2014, according to data from the Texas Comptroller released last week. The fall was slight, but it was just the second year-over-year decline since April 2010, when an oil production boom was just beginning to transform Midland. It also marks a stark and potentially protracted turnaround from recent years: last year in March, when oil prices soared above $100 a barrel, sales tax receipts increased 11 percent. “These numbers are more significant to me than anything else,” said […]