Page 13 - ArlingtonFY24AdoptedBudget

Budget In Brief

SALES TAXES $93.1 MILLION, 28.9% OF GENERAL FUND REVENUES

The City’s portion of the total 8.25-cent sales tax rate is 2.00 cents. Six and one-quarter cents is retained by the state, the
General Fund receives one cent, one-half cent provides funding to repay the City’s portion of the debt on sports venues, one-
quarter cent provides funding for street maintenance, and one-quarter cent (approved by the voters in November 2020 and
becoming effective in April 2021) supports the activities of the Arlington Economic Development Corporation. General Fund
sales tax revenue for FY 2024 is projected at $93,107,718. These taxes represent 28.9% of General Fund revenue in FY 2024,
down from 29.8% in the FY 2023 budget. The following chart shows the City’s sales tax revenue history for the past 10 years.

FY 2024 Adopted Budget and Business Plan 4 City of Arlington, Texas