Page 69 - GFOA Draft 2

Since 1995 the City of Saginaw has contracted with Tarrant County for the billing and collection of current and delinquent
property taxes. The fee for this service is $0.98 per account.

PROPERTY TAX REVENUE
$8,000
$7,166
$6,806
$6,430
$6,000 $5,485 $5,930
In Thousands $4,000 $3,519 $3,789 $3,847 $4,310 $4,627

$2,000

$0
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SALES TAX
The total sales tax rate for the City of Saginaw is two percent (2%). The tax is split as follows; one-eighth of one percent to
provide revenue for maintenance and repairs of existing municipal streets and sidewalks (Street Maintenance Fund), three-
eighths of one percent for the Crime Control and Prevention District (CCPD Fund), one-half of one percent to reduce
property taxes and one percent for General Fund revenues.

These graphs represent the one cent sales tax that is collected for the General Fund and the citizen-approved one-half cent
sales tax that is collected to reduce the property tax. The FY21/22 estimate is lower than FY20/21 due to a one time audit
payment received in FY20/21.
SALES TAX REVENUES
$8,000

$6,700
$6,452
$6,000 $5,153 $5,500 $5,789
In Thousands $4,000 $4,348 $4,404 $4,398 $4,700 $4,823

$2,000

$0
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FRANCHISE FEES - UTILITIES
Franchise taxes are fees paid by utilities and other industries for the use of streets, right-of-ways and other city property to
distribute their services. Utility companies that pay the City franchise taxes include Oncor Electric, Atmos Gas and
Southwestern Bell. Revenue for 13-14 re ected the change in timing of electric franchise fees. Projected revenue is based
on weather of a typical year.
FRANCHISE FEE REVENUES - UTILITIES
$1,500
$1,309 $1,310
$1,279
$1,265
$1,227
$1,220
$1,199 $1,205
$1,188
In Thousands $500 $849
$1,000

$0
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