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James_klein
New member
Username: James_klein

Post Number: 2
Registered: 07-2003
Posted on Thursday, July 31, 2003 - 01:53 pm:   

How is the City doing so far on sales tax revenue?
Also, is there a place on the web where we could actually see how well we actually are doing per month?
 

Jason
Moderator
Username: Jason

Post Number: 118
Registered: 01-2002
Posted on Friday, August 01, 2003 - 01:01 pm:   

Mr. Klein-

Thanks for the question. Through June, our sales tax revenue is for te Fiscal Year is $7,100,834, compared to $6,291,792 at this point last Fiscal Year, a 12.9% increase. Our budget projected a total sales tax revenue of $10,250,000 and we are on track to slightly exceed that projection. As this is the second-largest revenue source for Frisco you can see why it is important to always "Shop Frisco First". It helps us to keep property taxes to a minimum and allows us to provide exceptional services to our citizens and visitors.

While we do not currently have a place on the web where our citizens can view this data, I like the suggestion, and will work on a process to have the information presented. Until that point, the Texas Comptroller of Public Accounts - Sales Tax Allocation History site does have the sales tax history for every City and County in Texas. I should note on this that the amounts shown are for the full 2% local sales and use tax which includes the 1% that goes to the City, the .5% that goes to the Frisco Community Development Corporation, and the .5% that goes to the Frisco Economic Development Corporation.

Thanks again for your question, and if you have any further questions about this, please contact me.

Jason Gray
Assistant City Manager
972-335-5551 x125

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