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Sales tax collections down slightly in December

Posted Feb. 22, 2017

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Fort Worth’s net sales tax collections in December totaled $14,910,614, down from December 2015 by $136,471, or 0.9 percent.

“Sales tax revenues are dependent upon many factors, which can cause some ups and downs in collections,” said Terry Hanson, assistant director of budget and analysis. “Most recently, the December total net collections for the City of Fort Worth were down 0.9 percent from the same month last year. This low to negative performance was also seen in Dallas, Austin, El Paso, San Antonio and Houston. One of the major contributors was the differences in other collections and audit adjustments, which is typically associated with adjustments to other months’ collections.

“Looking purely at the current collections for December, the city saw an increase from the prior year of 0.9 percent,” Hanson said. “Overall for the year, the city is currently 6.9 percent higher than last year.”

The city anticipates collecting $140,468,044 by fiscal year end.

Sales tax revenue represents about 22 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.

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Building Standards Commission Meeting: 9:30 a.m. June 26, 2017; City Hall, Council Chamber, 2nd Floor, 200 Texas Street.
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DFW International Airport Public Facility Improvement Corporation Board: 10:30 a.m. June 26, 2017; Board Room - DFW Airport Headquarters Building , 2400 Aviation Drive.
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Fort Worth Transportation Authority Board of Directors: 3:30 p.m. June 26, 2017; Intermodal Transportation Center, 1001 Jones Street, 2nd Floor Community Room.
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DFW International Airport Board Retirement/Investment Committee: 12:30 p.m. June 27, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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DFW International Airport Board Operations Committee: 12:40 p.m. June 27, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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DFW International Airport Board Finance/Audit Committee: 1 p.m. June 27, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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DFW International Airport Board Concessions/Commercial Development Committee: 1:20 p.m. June 27, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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Tax Increment Reinvestment Zone Numbe 3 Construction Tour: 1:30 p.m. June 27, 2017; Frost Tower, 640 Taylor Street.
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Canceled City Council Work Session: 3 p.m. June 27, 2017; City Council Conference Room 290, 2nd Floor, City Hall, 200 Texas Street.

Special Called City Council Meeting: 3 p.m. June 27, 2017; City Hall, 2nd floor, City Council Conference Room 290, 200 Texas Street.
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Bluebonnet Circle Infrastructure Improvements Project Meeting: 6:30 p.m. June 27, 2017; Trinity Episcopal Church, 3401 Bellaire Drive South.

Canceled City Council Meeting: 7 p.m. June 27, 2017; CIty Council Chamber, 2nd Floor, City Hall, 200 Texas Street.

City Plan Commission - Work Session: noon June 28, 2017; City Council Conference Room 290, CIty Hall, 200 Texas Street.
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City Plan Commission - Public Hearing: 1:30 p.m. June 28, 2017; City Council Chamber, City Hall, 200 Texas Street.
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Park and Recreation Advisory Board : 4 p.m. June 28, 2017; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Garden Blvd.
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Alliance Community Park Master Plan Project Meeting: 6 p.m. June 28, 2017; Northwest High School - Student Union, 2301 Texan Drive, Justin.

DFW International Airport Board of Directors: 8:30 a.m. June 29, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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Foster Park Drainage & Erosion Control Project Meeting: 6 p.m. June 29, 2017; Southwest Regional Library, 4100 Library Lane.

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