Sales tax collections down 6.5% in March

Fort Worth’s net sales tax collections in March totaled $14,371,791, down from March 2019 by $993,498, or 6.5%.

March is the first month that reflects sales tax decreases influenced by the COVID-19 pandemic. Further reductions are expected in subsequent months. Year to date, sales tax collections are up 2.8%.

Before the pandemic, the city anticipated collecting $172,769,615 in the general fund by fiscal year end.

Sales tax revenue represents 22.4% 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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