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Sales tax collections down 13.3% in April

Posted June 17, 2020

Fort Worth’s net sales tax collections in April, the first full month of the stay-at-home order, totaled $11,555,104, down from April 2019 by $1,775,723, or 13.3%.

Before the pandemic, the city anticipated collecting $172,769,615 in the general fund by fiscal year end. Year to date, sales tax collections are up 0.5%.

Collections performed well considering the adverse effects of COVID-19. Net collections fall in line with the state decline of 13.2% compared to last year. Future collections will continue to provide further understanding of the ongoing economic impact from the pandemic.

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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