Post Number: 2
|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?
Post Number: 118
|Posted on Friday, August 01, 2003 - 01:01 pm: |
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.
Assistant City Manager