The city totaled $1,006,360 in sales tax allocations for September, according to data released Sept. 10 by the Texas comptroller’s office. The latest allocation represents an 8.16% increase from the previous year’s total of $930,415.61.
“Year-over-year gains in sales tax revenue highlight the impact of residents shopping within the city limits, in person and online,” Keller Finance Director Aaron Rector said. “Residents are taking on home improvement projects, equipping their children for virtual learning, investing in entertainment options and more.”
Year to date, sales tax allocations for Keller have totaled $9.44 million which represents a 13.3% increase compared to the same time last year.
Meanwhile, sales tax collections for the city of Fort Worth fell slightly in July. The city totaled $13.9 million in September allocations, a decrease of 1.8% from 2019.
Year to date, Fort Worth sales tax revenue has totaled $123.5 million, a 0.12% decrease compared to the same time last year.
“Sales tax revenue represents 22.4% of the city’s General Fund budget,” city officials said in a Sept. 15 news release. “This is the second largest revenue source, with property taxes being the largest.”
According to the release, sales tax collections through July are down by just 4% from the city’s projected sales tax portion of general fund revenue. City officials initially anticipated a net collection of $172.7 million by the end of fiscal year 2019-20.
“Current collections are performing in line with expectations considering the adverse effects of COVID-19,” the release said. “Net collections performed better than the state’s decrease of 5.63% compared to last year, [and] future collections will continue to provide further understanding of the ongoing economic impact of the pandemic.”
The city of Roanoke saw the largest year-over-year decrease in July sales tax collections at 16.86%. The city collected north of $1.4 million in sales tax revenue in July 2019 compared to just $1.2 million in July 2020.
Year to date, the city of Roanoke has collected more than $12.9 million in sales tax revenue compared to $12.2 million at the same time in 2019, an increase of 5.04%.
At the state level, officials announced Sept. 10 a 4.5% decrease in sales tax allocations statewide compared to the same period in 2019. September allocations statewide decreased to $765 million.
