Page 459 - FY 2021-22 Proposed Budget

TOT – Short- • Fiscal Year 2020-21
term Rental The short-term rental market has TOT - Short Term Rental
not been reduced quite as much as
the hotel market, but receipts are $42,390
still estimated to fall by 51.5% from
FY2019-20.
• Fiscal Year 2021-22 $25,740
The projected $5.2 million growth is $20,559
based on the same assumptions as
used for the rest of TOT.

FY2019-20 FY2020-21 FY2021-22
Actual Estimated Projected
Reciepts Reciepts Receipts

Documentary • Fiscal Year 2020-21
Transfer Tax Documentary Transfer Tax is
estimated to grow by 6.0% based on Documentary Transfer Tax
current year trends.
• Fiscal Year 2021-22 $212,717 $211,515
The FY2021-22 projection assumes
that receipts will remain high but $205,473
fall slightly as high prices further
limit the number of sales.

FY2019-20 FY2020-21 FY2021-22
Actual Estimated Projected
Reciepts Reciepts Receipts

Parking Users’ • Fiscal Year 2020-21
Tax Parking users’ tax is estimated to Parking Users' Tax
finish the year 44.0% below the
prior year based on current year
trends. $106,979 $114,604
• Fiscal Year 2021-22
The projected $114.6 million is $59,929
based on the assumption that the
repeal of gathering restrictions will
generate business activity which
results in increased parking.
FY2019-20 FY2020-21 FY2021-22

Actual Estimated Projected
Receipts Reciepts Receipts

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