Keller Sales Tax Collections Crater

Sales Tax revenue for the City of Keller fell 9.3% over last years collections for February and down over 5% year to date.  It’s going to get worse before it gets better.  If this trend continues, revenues will be down almost a million dollars for 2010.

The City balanced last years budget without having to cut salaries or the number of employees by negotiating a better health insurance rate and by moving some money around.  And while sales tax revenues make up a much smaller portion of our general funds budget than other cities (because we have such a small retail base compared to Southlake, Grapevine or even Roanoke), what are the plans for next year?  Will they finally have to cut the staffing levels at City Hall?

For a full report, go here

Advertisements

Comments are disabled.

%d bloggers like this: