Page 39 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - All Sources

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 75,300 29,391 38,397 20,838 22,824 1,986 22,824 26,373
AUGUST 48,139 52,059 52,792 60,722 64,959 4,237 64,959 67,785
SEPTEMBER - - - - - - 0 - -
OCTOBER - - - - - - 0 - -
NOVEMBER 22,204 23,694 26,411 28,124 30,685 2,561 30,685 31,317
DECEMBER 482,444 511,366 546,452 579,816 597,115 17,299 597,115 635,822
JANUARY 336,587 359,210 385,032 409,234 414,223 4,989 414,223 441,452
FEBRUARY 100,045 179,642 104,191 110,364 90,687 (19,677) 90,687 130,954
MARCH 5,448 5,413 6,652 7,313 7,287 (26) 7,287 7,530
APRIL 347,207 295,406 408,605 435,353 457,379 466,737
MAY 369,865 390,732 435,646 458,571 463,274 482,389
JUNE 4,009 4,919 6,330 5,276 6,521 6,721

TOTAL $ 1,791,249 $ 1,851,833 $ 2,010,508 $ 2,115,611 $ 2,154,955 $ 2,297,080
% Change 6.5% 3.4% 8.6% 5.2% 7.2% 6.6%

2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 75,300 29,391 38,397 20,838 22,824 1,986 22,824 26,373
AUGUST 123,439 81,451 91,189 81,560 87,783 6,223 87,783 94,158
SEPTEMBER 123,439 81,451 91,189 81,560 87,783 6,223 87,783 94,158
OCTOBER 123,439 81,451 91,189 81,560 87,783 6,223 87,783 94,158
NOVEMBER 145,643 105,145 117,600 109,684 118,468 8,784 118,468 125,475
DECEMBER 628,087 616,511 664,052 689,500 715,583 26,083 715,583 761,297
JANUARY 964,674 975,721 1,049,084 1,098,734 1,129,806 31,072 1,129,806 1,202,749
FEBRUARY 1,064,719 1,155,363 1,153,275 1,209,098 1,220,493 11,395 1,220,493 1,333,703
MARCH 1,070,167 1,160,776 1,159,927 1,216,411 1,227,780 11,369 1,227,780 1,341,233
APRIL 1,417,374 1,456,182 1,568,531 1,651,764 1,685,159 1,807,970
MAY 1,787,240 1,846,914 2,004,178 2,110,335 2,148,433 2,290,359
JUNE 1,791,249 1,851,833 2,010,508 2,115,611 2,154,955 2,297,080
Fiscal year 2019-20 revised receipts reflect the County Assessor’s reported growth in assessed value for the City,
offset by refunds and other adjustments. The County Assessor has not provided a preliminary estimate for
property tax growth the 2020 tax year.

Fiscal year 2021-21 growth of 6.6 percent—based on current and average year growth—is assumed for assessed
value growth during the County tax year, while refund and redemption activities remain flat. The possible impact of
pandemic-related recession is reflected in the receipt of delayed 2019-20 receipts and lower growth in unsecured
and supplemental receipts.

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