Page 464 - 2020-21 Budget Summary
P. 464
Revenue Forecast Report
Discussion
The City is estimated to realize General Fund revenues in the current fiscal
year of approximately $6.61 billion. This is $43 million (0.65 percent) above
the $6.57 billion 2019-20 Adopted Budget, and $376 million (6.0 percent)
more than the $6.24 billion generated in 2018-19.
Total 2020-21 General Fund revenues are projected to be $6.82 billion, an
increase of $210 million (3.2 percent) over 2019-20 estimates. It should be
noted that the estimate does not include discretionary transfers from the
Reserve Fund or other funds which may be identified during the budget
process.
This Office based these estimates on information received from departments,
consultation with local economic experts and academics, and historical as well
as recent trends.
The complete list of estimated City receipts for 2019-20 and 2020-21 is
contained in Schedule 1 (page 20 of this report).
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