Page 50 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - Vehicle License Fee (VLF) Replacement

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - 0 - -
AUGUST - - - - - - 0 - -
SEPTEMBER - - - - - - 0 - -
OCTOBER - - - - - - 0 - -
NOVEMBER - - - - - - 0 - -
DECEMBER - - - - - - 0 - -
JANUARY 206,369 219,925 236,720 251,276 252,855 1,579 252,855 269,540
FEBRUARY - - - - - - 0 - -
MARCH - - - - - - 0 - -
APRIL - - - - - -
MAY 206,369 219,925 236,720 251,276 252,855 269,540
JUNE - - - - - -

TOTAL $ 412,738 $ 439,849 $ 473,440 $ 502,552 $ 505,710 $ 539,080
% Change 6.5% 6.6% 7.6% 6.1% 6.8% 6.6%

2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBER - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY 206,369 219,925 236,720 251,276 252,855 1,579 252,855 269,540
FEBRUARY 206,369 219,925 236,720 251,276 252,855 1,579 252,855 269,540
MARCH 206,369 219,925 236,720 251,276 252,855 1,579 252,855 269,540
APRIL 206,369 219,925 236,720 251,276 252,855 269,540
MAY 412,738 439,849 473,440 502,552 505,710 539,080
JUNE 412,738 439,849 473,440 502,552 505,710 539,080
Vehicle license fees (VLF) are in-lieu of an “ad valorem” tax on the value of non-exempt registered vehicles in the
State. The State collects this revenue and distributes receipts to local governments. Beginning in 2004-05, the
State redirected most local VLF monies to its budget and shifted property taxes to California cities to offset the
loss of VLF monies. This account receives the property taxes in-lieu of all but a small portion of VLF receipts. Of
all property tax components, VLF growth tracks most closely with the growth in assessed valuation projected by
the County Assessor. The County's estimate for percent growth reported in its 2019 annual tax roll is 6.8 percent.
The proposed budget assumes growth of 6.6 percent for 2020-21.

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