Page 44 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - Supplemental

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 2,488 2,121 2,515 2,690 3,542 852 3,542 3,675
AUGUST 1,741 1,930 2,303 2,460 2,954 494 2,954 3,065
SEPTEMBER - - - - - - 0 - -
OCTOBER - - - - - - 0 - -
NOVEMBER 3,811 4,612 6,413 6,620 9,090 2,470 9,090 9,432
DECEMBER 1,917 2,260 1,016 1,050 928 (122) 928 963
JANUARY 4,426 5,030 4,438 4,580 4,552 (28) 4,552 4,723
FEBRUARY 2,384 3,530 4,317 4,455 3,106 (1,349) 3,106 3,223
MARCH 2,299 2,385 2,880 2,970 2,488 (482) 2,488 2,582
APRIL 2,911 1,856 3,184 3,285 3,360 3,486
MAY 6,087 7,110 7,063 7,290 7,460 7,740
JUNE 2,799 3,722 5,141 4,110 5,330 5,530

TOTAL $ 30,862 $ 34,555 $ 39,270 $ 39,510 $ 42,810 $ 44,419
% Change 1.3% 12.0% 13.6% 0.6% 9.0% 3.8%

2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 2,488 2,121 2,515 2,690 3,542 852 3,542 3,675
AUGUST 4,229 4,050 4,818 5,150 6,496 1,346 6,496 6,740
SEPTEMBER 4,229 4,050 4,818 5,150 6,496 1,346 6,496 6,740
OCTOBER 4,229 4,050 4,818 5,150 6,496 1,346 6,496 6,740
NOVEMBER 8,040 8,662 11,231 11,770 15,586 3,816 15,586 16,172
DECEMBER 9,957 10,923 12,247 12,820 16,514 3,694 16,514 17,135
JANUARY 14,382 15,952 16,685 17,400 21,066 3,666 21,066 21,858
FEBRUARY 16,766 19,482 21,002 21,855 24,172 2,317 24,172 25,081
MARCH 19,065 21,868 23,882 24,825 26,660 1,835 26,660 27,663
APRIL 21,976 23,724 27,066 28,110 30,020 31,149
MAY 28,063 30,834 34,129 35,400 37,480 38,889
JUNE 30,862 34,555 39,270 39,510 42,810 44,419
The levy of property taxes is based on the lien date of January 1. Properties assessed after the lien date due to
real estate sales or improvements are supplemental taxes which are distributed to taxing jurisdictions about six
months following receipt by the County. The real estate boom created an environment for a high level of
supplemental adjustments. Receipts bottomed out in 2009-10. Growth in receipts from 2014-15 through the
current year has been modest as sales volume and price appreciation has remained stable.
The 2019-20 estimate has been increased to reflect the current trend in receipts, following similar growth in
documentary transfer tax revenue. Lower growth is projected for 2020-21, result of the COVID-19 pandemic and
recession.

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