Page 72 - CityofSaginawFY25Budget

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.

In Thousands PROPERTY TAX REVENUE

$10,000 $8,511
$7,199 $7,870
$8,000 $6,430 $6,946
$6,000 $3,847 $4,310 $4,627 $5,485 $5,930
In Thousands
100
$4,000 DELINQUENT PROPERTY TAX REVENUES
$2,000
80 $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 FY24/25 estimate is
lower than FY23/24 due to a one time audit payment received in FY23/24.
In Thousands PENALTY & INTEREST REVENUES
In Thousands
30
$9,000 SALES TAX REVENUES $7,649
$8,000 $7,165 $7,896 $8,000
24
$7,000 $6,680
$6,000 $4,398 $4,700 $4,823 $5,153 $5,500
18
$5,000
$4,000 0 0 0
12
$3,000 0
$2,000 0 0 0 0 0 0
6
$1,000
0 $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. Projected revenue is based on weather of a typical
year.

In Thousands FRANCHISE FEE REVENUES - UTILITIES
$1,500 $1,309 $1,220 $1,227 $1,310 $1,188 $1,158 $1,225 $1,379 $1,388 $1,382

$1,000
In Thousands SALES TAX REVENUES
5000
$500
$0
4000
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