Page 20 - FY 2021--22 Revenue Outlook

Receipts in Billion Dollars

6.5 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0
5.0% 4.4% 3.9% 26 25

6.5% 24 23
Property (includes VLF and CRA tax increment), Utility Users, Business, Sales,
8.8% 22
-2.3% Percent Change in Ongoing Tax Receipts Average Percent Growth in Ongoing Tax 21
Transient Occupancy, Documentary and Parking OccupancyTaxes
1.0% 20
Growth of Seven General Fund Taxes
19 70 percent of all General Fund revenue, while the balance includes fees and fines,
Receipts 18 17

16
15

14

13 Fiscal Year Ending cost reimbursements, transfers from other funds, franchise revenue, interest income and other miscellaneous receipts. Since 1990, growth in the seven General Fund taxes has averaged 3.7 percent annually, which includes periods of high economic growth during the real estate and tech booms, as well as the subsequent declines during the busts. Growth in fiscal years 2015-16 through 2
12 Outgoing years assume higher-than-average growth as receipts continue their recovery towards pre-pandemic levels, with average of the

11
10

09

08
07 downturn and subsequent recovery in line with the historical average for City tax receipts.

06
05

04 Major General Fund taxes currently account for more than business tax receipts from cannabis-related business activity.
03

02

01

25% 20% 15% 10% 5% 0% -5% Percent Change from Prior Year -10% -15%