Sales tax collections up 5 percent in March

Fort Worth’s net sales tax collections in March totaled $15,365,289, up from March 2018 by $725,679, or 5 percent.

Year to date, sales tax collections are up 6.4 percent.

The city anticipates collecting $163,151,802 by fiscal year end, which matches original estimates in the FY2019 adopted budget.

Sales tax revenue represents 22.3 percent 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.

View full post on City News

Leave a Reply