Sales Tax Collections Fall Off a Cliff

According to FWST, sales tax collections only grew by 1% in Keller, a huge dropoff from previous quarters where we were seeing 8-10% growth in sales tax revenue.

The good news is the City Manager saw this coming and adjusted the budget accordingly.

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3 responses to “Sales Tax Collections Fall Off a Cliff

  • easterwood

    What where the stats for the areas around us?

  • Doug Miller

    http://www.star-telegram.com/northeast/story/1199881.html

    Sales tax collections by city
    City Dec 2008 Dec 2007 % change
    Arlington $9,123,366.22 $9,080,785.01 0.46%
    Bedford $1,005,936.93 $1,006,477.57 -0.05%
    Benbrook $312,600.90 $254,037.04 23.05%
    Burleson $1,504,503.77 $1,341,370.10 12.16%
    Colleyville $466,354.29 $448,927.40 3.88%
    Dallas $23,620,992.92 $25,258,503.17 -6.48%
    Fort Worth $10,754,008.64 $11,624,365.23 -7.48%
    Grapevine $3,380,835.59 $3,989,935.56 -15.26%
    Keller $793,963.94 $783,266.68 1.36%
    Mansfield $1,633,344.48 $1,496,402.39 9.15%
    North Richland Hills $1,469,252.69 $1,530,891.12 -4.02%
    Richland Hills $197,983.84 $176,889.63 11.92%
    Southlake $1,582,117.00 $1,752,626.80 -9.72%
    Tarrant County total $41,428,568.73 $43,633,488.20 -5.05%

  • Randy Rasp

    Wow, Grapevine and Southlake took and huge hit.

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