Page 16 - FY2020Colleyville

Sales Tax
The second major financial consideration guiding development of the budget is sales
tax revenue. The City collects a total two percent sales tax: one percent for General
Fund with the remaining one percent allocated for two half-cent special purpose
districts. Sales tax has been budgeted conservatively to remain flat for fiscal year
2020 compared to fiscal year 2019, and limited growth in future years, until
reconstruction has been completed.

Licenses and Permits
The City has conservatively budgeted license and permit revenue for fiscal year 2020,
believing that this is the beginning of new residential development trends in
Colleyville. Large subdivisions are reaching conclusion and smaller infill projects are
coming into the City. More and more, the City is seeing remodel and redevelopment
in the shape of tear down, build new. As such, revenue projections have been reduced
by $65,400 from the fiscal year 2019 budget. The fiscal year 2020 budget for license
and permit revenue makes up 4 percent of general fund revenues.

Intergovernmental Revenue
Intergovernmental revenue includes the annual payment from the City of Keller as a
result of the municipal court consolidation as well as a school resource officer. Keller
is paying a percentage of the total municipal court cost based upon their percentage
of total citations issued by both cities.

Revenue

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