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Sales tax collections up 4.2% in August

Fort Worth’s net sales tax collections in August totaled $13,298,195, up from August 2018 by $538,943, or 4.2%.

Year to date, sales tax collections are up 5.4%.

The city anticipates collecting $165,077,858 by fiscal year end, which is a 1.2% increase from the FY2019 adopted budget.

Sales tax revenue represents 22.3% 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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