Page 61 - Grapevine Budget FY21

The growth stabilized at approximately 3% for the next full year until it experienced another drop
in February 2017 to 2.69% and continued to decline until it bottomed out in November 2017 with a
negative growth factor of -1.6%. It then began an extended recovery, eventually peaking in June
2019 at 6.29% growth. Unfortunately, the pandemic which became widespread in March 2020
began another prolonged decline which fell to -4.2% in September 2020.

MIXED BEVERAGE FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020
TAX

Collections $1,647,776 $1,710,043 $1,733,258 $1,792,674 $2,145,940 $1,477,422
Gain / (Loss) $81,112 $62,267 $23,216 $59,416 $353,266 -$668,519
% Change 5.2% 3.8% 1.4% 3.4% 19.7% -31.2%

Mixed beverage taxes are budgeted at $1.9 million for FY21, which represents a decrease of
$157,000 from the previous year’s budget. Actual collections for FY20 were down $668,519 and
represent a decline of (-31.2%) from the previous year. The temporary closure of dining
establishments that occurred in March 2020 took a significant toll on mixed beverage receipts.
After restaurants were permitted to reopen with limited capacity, many of the establishments on
historic Main Street continued to be severely impacted because they were not set up for drive-
through ordering or curbside pickup.

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