Page 73 - FortWorthFY22AdoptedBudget

Budget Highlights

Sales Tax
Of the total sales and use tax paid on a purchase, the Sales Tax Revenue from the city’s one-cent of the
city only recieves a small portion. The following sales tax, exclusive of the one-half cent special use
depicts where the sales tax is distributed. tax for the Crime Control and Prevention District
Fund, is projected to equal $182.9M. Due to COVID-
19, decline rather than growth was expected for
2021. FY2021 preliminary year end projections were
showing collections exceeding the original estimates
developed for the year. Original expectations for
FY2021 were $168.2M and the fiscal year-end
preliminary projection was up $8.2M for a total of
$176.4M at the time of FY2022’s development.
FY2022’s expectation of $182.9M is an increase of
$14.6M or 8.7% from the FY2021 budget. This
revenue is dependent on the level of wholesale and
retail sales and the economic strength of the local
economy. Over the past ten years, the City of Fort
Worth sales tax collection has grown from $111.0M
in 2012 to the estimated amount of $182.9M for
FY2022, which represents a 64.76% growth over the
last ten years.

10 Year Sales Tax Collection
$200
Millions $180 $183

$160 $165 $166 $168
$157
$140 $148
$138
$120 $126 $132
$119
$100
$80

$60
$40
$20

$-
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Adopted Adopted
FY2021 FY2022

Historical improvement in economic conditions demonstrated by actual receipts reported by the State
Comptroller’s Office and growth of the city has influenced growth in the past and is leading the current and future
performance of sales tax. This growth pattern was originally projected to taper through FY2022, however the most

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