Page 45 - Haltom City FY19 Annual Budget

SALES TAX

The City imposes a local option sales tax of 2% on all retail sales, leases and rentals of most
goods, as well as taxable services. The sales tax allocations are: 1.375% for general
purposes and is recorded in the General Fund, 0.25% is for crime control and prevention and
is record in the Crime Control and Prevention District Fund, and the rest of the 0.375% is for
street improvements and is recorded in the Street Reconstruction Fund.

Outlook
Sales tax revenues for FY2019 is estimated to increase optimistically at about 5%.

Major Influence
Factors affecting sales tax revenues include population, retail sales, economy and consumer
price index.

Fiscal General Economic Crime Control Street Percent of
Year Fund Development District Reconstruction Total Change
2010 $4,537,238 $2,261,293 $1,049,588 $1,130,647 $8,978,766 -9.3%
2011 4,927,301 2,456,626 1,162,617 1,228,313 9,774,857 10.8%
2012 5,265,627 2,625,573 1,251,127 1,312,787 10,455,114 7.6%
2013 5,528,226 2,755,820 1,327,971 1,377,910 10,989,927 6.1%
2014 5,681,874 2,843,834 1,355,192 1,421,917 11,302,817 2.0%
2015 6,095,550 3,053,111 1,465,227 1,526,546 12,140,434 8.1%
2016 6,747,264 3,379,538 1,643,414 1,689,760 13,459,977 12.2%
2017 9,447,444 - 1,662,631 2,577,863 13,687,938 1.2%
2018 9,636,393 - 1,695,883 2,629,420 13,961,696 2.0%
2019 10,118,213 - 1,780,678 2,760,891 14,659,782 5.0%

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