Friday, November 15, 2019

Sales tax collections up 1.9% in September

Fort Worth’s net sales tax collections in September totaled $14,714,848, up from September 2018 by $275,990, or 1.9%.
Year to date, sales tax collections are up 5.1%.
The city’s general fund actual collection exceeded the fiscal year 2019 amended budget by $1,400,938, or 0.9%. The Crime Control and Prevention District fund actual collection exceeded the FY2019 original adopted budget by $1,444,406, or 1.9%.
Sales tax revenue represents 22.3% of the city’s General Fund budget. This is the second largest revenue source, with property taxes being the largest.
For the Crime Control and Prevention District, sales tax revenue represents the largest revenue source.

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