Page 47 - FY 2021--22 Revenue Outlook
P. 47

REVENUE MONTHLY STATUS REPORT
                         Property Tax - 1% (Excl. VLF and Sales Tax Replacement)
                                                       (Thousand Dollars)

                              2017-18   2018-19   2019-20                  2020-21                   2021-22
                MONTHLY      ACTUAL     ACTUAL    ACTUAL    BUDGET   ACTUAL    VARIANCE   REVISED  PROPOSED
                JULY      $    29,391     38,397    22,824    26,373   13,195    (13,178)   13,195     23,395
                AUGUST         52,059     52,792    64,959    67,785   71,432      3,647    71,432     64,285
                SEPTEMBER           -         -         -        -          -         -          -         -
                OCTOBER             -         -         -        -          -         -          -         -
                NOVEMBER       23,694     26,411    30,685    31,317   32,005       688     32,005     31,840
                DECEMBER       511,366   546,452   597,115   635,822   634,148    (1,674)   634,148   655,835
                JANUARY        139,285   148,312   161,368   171,912   171,887      (25)   171,887    177,910
                FEBRUARY       179,642   104,191    90,687   130,954   83,056    (47,898)   83,056    129,980
                MARCH           5,413      6,652     7,287    7,530    10,060      2,530    10,060     10,010
                APRIL          295,406   408,605   456,724   466,737                       501,946    490,930
                MAY            170,807   198,927   123,950   212,849                       200,510    238,930
                JUNE            4,919      6,330    70,999    6,721                          6,026      6,535
                TOTAL       $   1,411,984 $   1,537,068 $   1,626,598 $ 1,758,000        $ 1,724,264  $   1,829,650
                % Change         7.4%      8.9%       5.8%     8.1%                           6.0%       6.1%
                             2017-18    2018-19   2019-20                  2020-21                   2021-22
                CUMULATIVE   ACTUAL    ACTUAL     ACTUAL   BUDGET    ACTUAL    VARIANCE   REVISED  PROPOSED
                JULY      $    29,391     38,397    22,824    26,373   13,195    (13,178)   13,195     23,395
                AUGUST         81,451     91,189    87,783    94,158   84,627     (9,531)   84,627     87,680
                SEPTEMBER      81,451     91,189    87,783    94,158   84,627     (9,531)   84,627     87,680
                OCTOBER        81,451     91,189    87,783    94,158   84,627     (9,531)   84,627     87,680
                NOVEMBER       105,145   117,600   118,468   125,475   116,632    (8,843)   116,632   119,520
                DECEMBER       616,511   664,052   715,583   761,297   750,780   (10,517)   750,780   775,355
                JANUARY        755,796   812,364   876,951   933,209   922,667   (10,542)   922,667   953,265
                FEBRUARY       935,438   916,555   967,638  1,064,163  1,005,722   (58,441)  1,005,722  1,083,245
                MARCH          940,851   923,207   974,925  1,071,693  1,015,782   (55,911)  1,015,782  1,093,255
                APRIL        1,236,258   1,331,811   1,431,649  1,538,430                1,517,728  1,584,185
                MAY          1,407,065   1,530,738   1,555,599  1,751,279                1,718,238  1,823,115
                JUNE         1,411,984   1,537,068   1,626,598  1,758,000                1,724,264  1,829,650

                The estimates on this page represent the "base" for the property tax revenue, roughly equivalent to one percent
                of the home value at the time of sale. The primary determinant of growth in City property tax is the change in City
                assessed value calculated by the County Assessor. Revised growth of 6.0 percent for 2020-21 reflects the
                County's estimate for percent growth reported in its 2020 annual tax roll plus other adjustments. The unusual
                growth in 2018-19 in chart below corresponds to early tax payments made by property owners in response to
                federal income tax deduction changes. The addition of recording miscellaneous property tax receipts starting in
                2019-20 makes growth appear larger on the table above.
                The estimate for 2021-22 reflects net 6.1 percent growth based on current year receipts and the unique trends of
                the various components.



























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