Page 64 - FY 2020-21 Revenue Outlook

-5.0% -5.0% JUN 21

2019-20 SEP 20 DEC 20 MAR 21 March. City sales tax revenue collected during the first quarter

4.6% 3.2% 0.9% JUN 20 MAR 20

2018-19 0.2% DEC 19

14.1% SEP 19

3.8% JUN 19

2017-18 10.2% 7.2% DEC 18 MAR 19

7.9% SEP 18

-3.7% JUN 18 MAR 18

Sales Tax Change in City Sales Tax Receipts by Quarter 2016-17 3.3% 4.7% 2.7% SEP 17 JUN 17 DEC 17 Quarter Ending for the current fiscal year-to-date is 2.9 percent; however the low growth can be partly attributed to the State's implementation of a new sales tax automation system, in which the delay in 2017-18 receipts and subsequent receipt in the following fiscal year has resulted in increased variation in quarterly growth. Year- over-year growth is nearer

2015-16 4.0% 4.4% 2.9% 0.4% SEP 16 DEC 16 MAR 17 The City's fiscal year sales tax revenue (July-June) is derived from taxable sales between April of the previous fiscal year and After the development of these estimates, the State offered businesses the opportunity to defer the remittance of sales taxes

2014-15 Actual Change in Sales Tax Revenue by Quarter Forecasted Change in Sales Tax Receipts by Quarter Most Likely Annual Change Assumed Annual Change 2.4%2.5% 2.2% 3.2% 0.7% JUN 16 SEP 15 DEC 15 MAR 16

2013-14 1.1% JUN 15 MAR 15 decline in 2020-21 receipts for its "most-likely" scenario.
6.8% 6.2% SEP 14 DEC 14 payments from 64,000 businesses.

18% 15% 12% 9% 6% 3% 0% -3% -6% -9% -12% -15% % Change from Same Quarter of Prior Year