Page 25 - FY 2021--22 Revenue Outlook

General Fund Revenue Outlook
Fiscal Years 2020-21 through 2025-26
General Assumptions

Grant Receipts Grant revenue is variable. Estimates for 2020-21 and 2021-22 are provided by the
various departments receiving grant funds. Outgoing years assume average receipts
prior to the pandemic. Additional one-time receipts from FEMA reimbursements of
pandemic-response costs are assumed for 2020-21 and 2021-22.
Tobacco Settlement Growth estimates for 2020-21 and 2021-22 are based on the 2019-20 remittance.
No growth is assumed for outgoing years.
Residential Changes in the residential development tax are correlated with building permit
Development Taxes activity. The estimate for 2020-21 is based on receipts-to-date, which have been
minimally impacted by the pandemic. Receipts are assumed to fully recover in
2021-22 and remain stable thereafter.
State Motor Vehicle This revenue transfer was eliminated by the State in fiscal year 2010-11. However, a
License Fees special apportionment ranging from $1.6 million to $2.5 million annually will continue.
The 2012-21 estimate reflects actual receipts and 2021-22 onward assumes no
growth.
Reserve Fund and No transfer from the Reserve Fund or Budget Stabilization Fund (BSF) was
Budget Stabilization included in the 2020-21 budget, nor is one recommended for 2021-22. No transfers
Fund Transfers from the Reserve Fund or BSF are assumed for outgoing years.
American Rescue The transfer amounts for the 2020-21 and 2021-22 are based on the estimate from
Plan Fund Transfer the House Committee on Oversight and may not be the final allocation.

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