Page 22 - FY 2021--22 Revenue Outlook

2021-22 PROPOSED BUDGET
DETAIL FOR GENERAL FUND OUTLOOK

Fiscal Years 2020-21 through 2025-26
(Percent Growth From Prior Year Base)

2020-21 2021-22 2022-23 2023-24 2024-25 2025-26
Revised Proposed Forecast Forecast Forecast Forecast

Property Tax (Base) 6.0% 6.1% 5.0% 5.0% 5.0% 5.0%
Property Tax - VLF Replacement 6.6% 5.9% 5.0% 5.0% 5.0% 5.0%
Total Property Taxes 6.1% 6.1% 5.0% 5.0% 5.0% 5.0%

Redirection of ex-CRA Tax Increment Monies 25.4% 5.1% 5.0% 5.0% 5.0% 5.0%
Electricity Users Tax -2.5% 0.9% 3.6% 3.6% 3.6% 3.6%
Communication Users Tax -14.4% -14.4% -13.3% -12.7% -11.9% -10.6%
Gas Users Tax -1.5% 0.0% 0.0% 0.0% 0.0% 0.0%
Utility Users Tax -4.8% -2.0% 0.5% 0.9% 1.3% 1.7%
Departmental Receipts -5.2% 5.9% 13.3% 5.5% 2.7% 2.7%
Sales Tax -7.2% 17.5% 8.2% 4.1% 3.3% 3.0%
Business Tax 0.3% 9.4% 7.9% 6.1% 5.0% 3.6%
Business Tax Excluding Cannabis -8.1% 3.8% 3.0% 3.0% 3.0% 3.0%
Business Tax Cannabis 71.2% 34.7% 25.0% 15.0% 10.0% 5.0%
Transient Occupancy Tax (TOT) -60.3% 75.5% 42.2% 15.0% 10.9% 4.5%
TOT - Hotels -61.9% 76.1% 45.8% 15.0% 10.9% 4.5%
TOT - Short Term Rental -52.0% 73.2% 27.4% 15.0% 10.9% 4.5%
Power Revenue Transfer -5.0% 3.4% 2.1% 0.0% 0.0% 0.0%
Documentary Transfer Tax 7.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Documentary Legal Entity Transfer 7.5% 0.0% 0.0% 0.0% 0.0% 0.0%
Parking Fines -22.7% 39.3% 5.1% 0.0% 0.0% 0.0%
Parking Occupancy Tax -46.8% 74.6% 12.0% 10.9% 2.6% 2.6%
Franchise Income * -2.1% 0.3% 0.0% 0.0% 0.0% 0.0%
Special Parking Revenue (SPRF) Transfer -100.0% NA 177.2% 0.0% 0.0% 0.0%
Interest -44.8% -25.0% 36.0% 34.5% 1.0% 1.0%
Grants Receipts 2.6% -6.5% 0.0% 0.0% 0.0% 0.0%
Tobacco Settlement 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Residential Development Tax -4.6% 4.3% 0.0% 0.0% 0.0% 0.0%
State Motor Vehicle License Fees -8.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Subtotal General Fund Excluding One-Time -4.0% 8.6% 7.7% 4.8% 3.6% 3.4%
Subtotal General Fund Including One-Time -0.7% 4.9% 7.3% 4.6% 3.6% 3.4%
Total General Fund (with ARP) 9.9% 4.5% -2.6% 4.6% 3.6% 3.4%

Reported percent growth does not include include the first year impact of ongoing changes or one-time receipts and reductions..
*Ongoing changes for redirected cable television franchise revenue are included in the forecasted growth for franchise income.

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