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Sales tax collections down 6.5% in March

Posted May 20, 2020

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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DFW International Airport Retirement/Investment Committee Meeting: 12:30 p.m. June 2, 2020; Conference Call.
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DFW International Airport Operations Committee Meeting: 12:45 p.m. June 2, 2020; Conference Call.
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DFW International Airport Finance/Audit Committee Meeting: 1 p.m. June 2, 2020; Conference Call.
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DFW International Airport Concessions/Commercial Development Committee Meeting: 1:10 p.m. June 2, 2020; Conference Call.
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Housing Neighborhood Services Committee: 2 p.m. June 2, 2020; Virtual.
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City Council Work Session: 3 p.m. June 2, 2020; City Council Conference Room 290, 2nd Floor, City Hall, 200 Texas St.
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Canceled Financial Empowerment Workshop Series: 6 p.m. June 2, 2020; Northside Community Center, 1100 N.W. 18th St.
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City Council Meeting: 7 p.m. June 2, 2020; City Council Chambers, 2nd Floor, City Hall, 200 Texas St.
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Tax Increment Reinvestment Zone Number Four (Southside TIF) Board of Directors Meeting: 2 p.m. June 3, 2020; WebEx.
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Community Development Council Special Called Meeting: 6:30 p.m. June 3, 2020; WebEx.
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Dallas Fort Wort International Airport Board Meeting Conference Call: 8:30 a.m. June 4, 2020; Conference Call.
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Metropolitan Area EMS Authority DBA Mestar Mobil Healthcare Meeting and Board of Directors Budget Workshop: 10 a.m. June 4, 2020; Conference Call.
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Canceled Financial Empowerment Workshop Series: 6 p.m. June 4, 2020; MLK Community Center, 5565 Truman Drive.
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