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BUDGET OVERVIEW
contribution to City sales tax revenues has increased by 33% each year for the last 5 years,
showing no signs of slowing as they introduce same day delivery and AmazonFresh (their
alternative to highly competitive grocery segment).
In addition to the online element, erosion of the utility sales tax base is taking place due to lower
energy prices, lower levels of consumption (due to advances in solar energy and energy
building code), and increases in online subscriptions (amazon, Netflix, hulu) or satellite video
viewership (DirecTV, Dish) which are exempt from sales taxes.
Conclusion
North Richland Hills is fortunate to be experiencing economic growth and prosperity. While
major revenue sources are projected to grow in FY 2018/2019, staff continues to take a
conservative approach in projecting these numbers. The FY 2018/2019 Adopted Budget
reflects the City Council’s commitment to responsible fiscal management, while enhancing
the services that improve the quality of life for all citizens of North Richland Hills.
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