Sales tax collections increase 24.8% in May

Published on August 03, 2022

the downtown skyline at sunset

Fort Worth’s net sales tax collections in May totaled $17,548,115, up from May 2021 by 24.8%.

The state saw a net collection increase of 16.4% compared to the same month last year.

The city’s General Fund net sales tax collections year to date are 116.4% to budget, and at 117.7% compared to the same month last year. The city’s Crime Control and Prevention District Fund sales tax collections for February are 116.7% to budget and 118.4% to the same month last year.

Sales tax revenue represents 22% 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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