Page 457 - FY 2021-22 Proposed Budget

EXHIBIT 3

GENERAL FUND ECONOMY-SENSITIVE REVENUES
YEAR-TO-YEAR CHANGES

Property Tax • Fiscal Year 2020-21
Total property tax receipts are
estimated $2.26 billion which is Property Tax
$130.7 million (6.1%) above the
prior year, mainly due to growth in $2,384,625
assessed valuations.
• Fiscal Year 2021-22 $2,263,024
Total property tax receipts are
projected to increase by $131.6 $2,132,308
million (5.8%) and reach $2.39
billion.
FY2019-20 FY2020-21 FY2021-22
Actual Estimated Projected
Receipts Reciepts Receipts

Utility Users’ • Fiscal Year 2020-21
Tax Electric users’ tax receipts are
(Electric, estimated to be $415.0 million Utility User's Tax
Telephone, based on DWP estimates. Electric Telephone Gas
and Gas) Telephone users’ tax receipts are
estimated to be $110.8 million
based on current trends. $73,837 $69,436
Gas users’ tax receipts are $129,695 $69,749
estimated to be $69.4 million based $110,830 $96,437
on current trends.
• Fiscal Year 2021-22
Electric users’ tax receipts are
estimated to be $423.2 million $434,847 $415,011 $423,228
(1.98% growth) based on DWP
estimates.
Telephone users’ tax receipts are
estimated to be $96.4 million
(13.0% reduction) based on prior FY2019-20 FY2020-21 FY2021-22
year trends. Actual Estimated Projected
Gas users’ tax receipts are Receipts Reciepts Receipts
estimated to be $69.7 million,
roughly flat from year to year.

Revenue F orecast Report
Discussion

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