Page 41 - 2020-21 Supporting Information Book_Revised

2020-21 PROPOSED BUDGET
DETAIL FOR GENERAL FUND REVENUE OUTLOOK
Fiscal Years 2019-20 through 2024-25
(Thousand Dollars)
2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Revised Proposed Forecast Forecast Forecast Forecast
Property Tax (Base) 1,649,245 1,758,000 1,826,240 1,899,290 1,975,261 2,054,272
Property Tax - VLF Replacement 505,710 539,080 560,643 583,069 606,392 630,647
Property Tax One-Time -2,000 2,000
Total Property Taxes $2,154,955 $2,297,080 $2,386,883 $2,482,359 $2,581,653 $2,684,919
Redirection of ex-CRA Tax Increment Monies 89,513 95,900 114,698 105,555 107,874 112,189
Miscellaneous ex-CRA One-Time 1,371 0 14,962 1,829
Electricity Users Tax 440,255 434,820 468,736 484,673 501,152 518,191
Communication Users Tax 126,600 113,400 105,122 97,448 90,334 83,740
Gas Users Tax 74,135 66,400 66,400 66,400 66,400 66,400
Gas UT Ongoing Reduction* -1,100 -6,900
Utility Users Tax $640,990 $614,620 $640,258 $648,521 $657,886 $668,331
Licenses, Permits and Fees 1,231,352 1,335,289 1,367,440 1,404,361 1,442,278 1,481,220
Licenses, Permits and Fees One-Time -3,275 3,800
Sales Tax 586,469 557,055 578,223 600,774 623,002 645,431
Business Tax 627,850 686,540 711,637 747,051 779,335 806,713
Business Tax Ongoing Reductions/Additions* 14,770 0
Business Tax One-Time -33,500 44,700
Transient Occupancy Tax (TOT) 272,670 244,860 283,303 299,451 316,520 334,562
TOT Ongoing Reductions/Additions* -20,780 -4,725
Power Revenue Transfer 229,913 224,100 240,000 240,000 240,000 240,000
Documentary Transfer Tax 214,010 215,835 215,835 215,835 215,835 215,835
Documentary Legal Entity Transfer 3,835 3,120 3,120 3,120 3,120 3,120
Parking Fines 119,431 140,477 135,000 135,000 135,000 135,000
Parking Fines One-Time -15,569 5,477
Parking Occupancy Tax 102,000 102,000 118,014 122,144 126,420 130,844
Franchise Income 82,708 81,226 81,226 81,226 81,226 81,226
Special Parking Revenue (SPRF) Transfer 31,294 27,721 23,500 23,500 23,500 23,500
SPRF One-Time 19,000 4,221 0 0 0 0
Interest 42,661 34,613 35,686 36,792 37,933 39,109
Grants Receipts 17,327 12,521 12,521 12,521 12,521 12,521
Grant Receipts One-Time 4,872 0
Tobacco Settlement 10,615 10,615 10,615 10,615 10,615 10,615
Residential Development Tax 4,341 3,693 4,801 4,801 4,801 4,801
State Motor Vehicle License Fees 3,198 3,198 3,198 3,198 3,198 3,198
General Fund Excluding One-Time $6,490,397 $6,627,145 $6,947,875 $7,171,873 $7,399,596 $7,630,012
Total General Fund $6,461,296 $6,687,342 $6,962,836 $7,173,703 $7,399,596 $7,630,012
*Ongoing changes to revenues are included in subsequent year's base for gas users, business, and transient occupancy taxes. Reported growth includes the
impact of one-time receipts and reductions.

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