Page 75 - FortWorthFY23AdoptedBudget

Budget Highlights

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 recent collections are proving to be more resilient than originally anticipated. Sales Tax activity is expected
to continue growing in FY2023.

Sales Tax is collected from a broad range of industries. Fort Worth receives a substantial amount of revenue from
the retail, general services, professional services, food and wholesale industries.

Other Taxes
Other Taxes include revenue from communications providers, utilities, taxes on beverage sales, and bingo-game
receipts. The FY2023 Adopted Budget includes an increase of $2.2M, or 4.2%, in Other Taxes. The increase is
mostly due to gas franchise fees, which increased $1.2M, or 14.9%. Additionally, electricity franchise fees
increased $521K, or 1.7%.

Licenses and Permits
Licenses and Permits are primarily made up of the building, residential, alarm, and health permit fees. Revenues
in this category are anticipated to increase by approximately $1M, or 5.3%, from the FY2022 budget. The main
driver for the increased revenue is parkway inspection permits increasing $819K, or 94.6%.

Intergovernmental Revenue

Revenue from other government agencies is mainly made up of reimbursement for indirect costs. Revenues in
this category are projected to increase by approximately $33K, or 7.0%, from the FY2022 budget. The increase is
entirely attributable to intergovernmental revenue from DFW Airport.

Charges for Services

Service Charges are mainly made up of administrative service charges, deferred and penalty fees for court services,
plan review fees, gas well annual fees, registration fees, site reservations, planning commission fees, mowing fees,
and fire inspection fees. Revenues in this category are decreasing $8.8M, or 20.7%, from the FY2022 budget. The
decrease is caused by allocations for information technology services moving from the General Fund to an Internal
Service Fund, an impact of $12.2M. Other revenues in this category increased by $3.4M, or 7.9%. Of this amount,
administrative fee allocations increased $1.1M, or 9.0%, plan review fees increased $917K, or 53.3%, and gas well
annual fees increased $782K, or 66.7%.

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