Frisco's latest monthly sales tax revenues down 12% year-over-year

Frisco saw a more than 12% drop in sales tax revenue allocated for June compared with the same month a year ago. (Courtesy Fotolia)
Frisco saw a more than 12% drop in sales tax revenue allocated for June compared with the same month a year ago. (Courtesy Fotolia)

Frisco saw a more than 12% drop in sales tax revenue allocated for June compared with the same month a year ago. (Courtesy Fotolia)

Frisco saw a more than 12% drop in sales tax revenue allocated for June compared with the same month a year ago, according to data released by the state.

The $5.99 million sales tax allocation for Frisco was based generally on purchases in April, the Texas comptroller’s office reported June 10. The city’s $7.6 million sales tax allocation for May was also down 12% compared to the same month in 2019.

That allocation came after social distancing and business restrictions were put in place in late March due to the ongoing coronavirus pandemic. Frisco was under a stay-at-home order for residents that also closed nonessential businesses for nearly all of April.

The monthly decreases have so far been offset by the city’s year-to-date collections, which have outpaced last year’s receipts by just over 1%. Year-to-date, Frisco has been allocated more than $44.57 million in sales tax revenues.

Sales tax receipts make up a little more than 25% of Frisco’s total revenues in its fiscal year 2020 general fund budget. That makes sales taxes the city’s second-largest revenue source behind property taxes.


On the whole last year, Frisco saw 3.12% growth in sales tax revenue compared with 2018, which had one of the city's lowest growth rates of the past decade.

Across the state, Texas Comptroller Glenn Hegar distributed $690.4 million in local sales tax allocations for June to cities, counties, transit systems and special purpose. That total was an 11.7% decrease compared to June 2019.

A news release from Hegar’s office said the June sales tax allocations throughout the state were the steepest year-over-year decline since September 2009.

Following the release of the May sales tax allocations last month, Frisco Director of Financial Services Anita Cothran noted the city has a strong, diversified sales tax base.

“We are confident that we will recover from this global pandemic,” Cothran said via email. “In the meantime, our staff will continue to closely monitor collections and make adjustments to our budget plan as necessary.”

She said city staff would be in a better position to project sales tax collections through the rest of Frisco’s fiscal year after the city received the July payment from the state.
By William C. Wadsack
William C. Wadsack is the senior reporter for the Plano and Richardson editions of Community Impact Newspaper. He previously served as managing editor of several daily and weekly publications in North Texas and his native state of Louisiana before joining Community Impact Newspaper in 2019.


MOST RECENT

A new bike shop is set to open in Frisco's Rail District. (Community Impact file photo)
New bike store Endur3Bikes to open in Frisco’s Rail District

The shop will offer adult and kids bikes, equipment and apparel as well as triathlete equipment.

Jim's Pizza is relocating to Eldorado Parkway. (Community Impact staff)
Jim's Pizza relocating in McKinney; Lucy's Lot closes in Grapevine and more top DFW-area news

Read the top business and community news from the past week from the Dallas-Fort Worth area.

The program, which began this week in San Marcos, gives Amazon and Whole Foods employees and contractors direct access to COVID-19 vaccinations. (Courtesy Amazon)
Amazon begins rollout of statewide vaccination clinics for employees

The program, which began this week in San Marcos, gives Amazon and Whole Foods employees and contractors direct access to COVID-19 vaccinations.

Confederate memorial outside the Denton County-Courthouse-on-the-Square
Texas Historical Commission approves relocation of Denton County's Confederate memorial

The Texas Historical Commission executive committee unanimously approved plans to relocate the Confederate monument to its new home inside the Denton County Courthouse-on-the-Square Museum.

The Spicy Fried Chicken Sando is one of several offerings on Fuku's menu. (Courtesy Fuku)
Fried chicken kitchen opens in Plano; The Heritage Table to reopen in Frisco and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

The Heritage Table is reopening its restaurant in Frisco. (Community Impact file photo)
The Heritage Table sets date for Frisco reopening

For the first few weeks of operation the restaurant will have limited reservations.




Daily Grinds owner John Tran describes his eatery as a bistro. (Matt Payne/Community Impact Newspaper)
Daily Grinds owner in Frisco obsesses over detail to create bistro experience

“I love being a part of this community, and I think there’s so much growth happening,” Tran said.

Federal funding is set aside for public schools to address effects of the pandemic. (Courtesy Adobe Stock)
Why Texas has not yet distributed $18 billion in federal funds intended for public schools

As budget decisions loom for school districts across Texas, state leaders are holding on to federal funds intended for public schools to use in addressing the effects of the COVID-19 pandemic.

The Electric Reliability Council of Texas said power outages are not expected April 13, while requesting energy conservation. (Iain Oldman/Community Impact Newspaper)
UPDATE: ERCOT call for energy conservation ends April 13 without need for power outages

An ERCOT official said "tight" supply and demand conditions arose on the state's electric grid April 13 due to forecasting issues amid planned, seasonal maintenance outages by some power generators.

Raymond James will open a location at The Offices Two at Frisco Station. (Courtesy VanTrust Real Estate)
Raymond James to join The Offices Two at Frisco Station

Raymond James joins other companies, such as MTX Group Inc., at The Offices Two at Frisco Station.

The chain has several restaurants in Texas, including two in College Station. (Courtesy I Heart Mac & Cheese)
I Heart Mac & Cheese coming to Highland Village; Gyro Shop opens in Frisco and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

board meeting
Lewisville ISD to convert more campuses to STEM academies

Lewisville ISD is converting four middle school campuses and one elementary campus to STEM academies for the 2021-22 school year.