Sales Tax Collections Increase 14% in October

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Fort Worth’s net sales tax collections in October 2022 totaled close to $16.2 million, up 14.4% from the previous October.

Sales tax revenue represents about 23% of the city’s general fund budget. This is the second-largest revenue source, with property taxes being the largest at 58%.

For the Crime Control and Prevention District, sales tax revenue represents the largest revenue source.

For comparison, the state experienced a net collection increase of 11.2% compared to the same month the previous year.

The city’s general fund and Crime Control and Prevention District Fund net sales tax collections year-to-date are 108% to budget.

The city anticipates collecting $212,147,461 by fiscal year end, an increase of 16% over the fiscal year 2022 adopted budget.

Other cities’ collections during the period compared to the same month the previous year:

  1. Austin, 114%
  2. San Antonio, 104%
  3. El Paso, 103.4%
  4. Houston, 111.9%
  5. Arlington, 102.6%
  6. Dallas, 109.2%