Page 80 - City of Fort Worth Budget Book

Budget Highlights Revenue Highlights

10 Year Sales Tax Collection

$300
$280
$260
$240 $250 $253
$220 $233
$218
$200
$180 $188
Millions $160 $148 $157 $165 $166
$140
$120 $138
$100
$80
$60
$40
$20
$—
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 Adopted FY2025
FY2024 Rec.

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. Though growth slowed in FY2024, Sales Tax growth is expected to be closer to the
long-term average in FY2025 and to be more stable than it was throughout the fiscal years during and shortly
after the COVID-19 Pandemic.

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 includes, among other sources, revenue from communications providers, utilities, taxes on beverage
sales, and bingo-game receipts. The FY2025 Recommended Budget includes an increase of $10.9 million, or
7.81%, in Other Taxes. Some of the largest sources of the increase are franchise fees for electric, as well as the
Hotel/Motel Tax, which increased by $2 million, or nearly 6.3%.

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