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City sales tax collections up by more than 10 percent in January

City of Fort Worth TexasFort Worth’s net sales tax collections in January totaled $10,734,733, up from January 2016 by $1,045,456, or 10.8 percent.

So far this fiscal year, sales tax collections are up 7.8 percent.

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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