Page 48 - FY 2021-22 Supporting Information

2021-22 PROPOSED BUDGET
DETAIL FOR GENERAL FUND OUTLOOK
Fiscal Years 2020-21 through 2025-26
(Thousand Dollars)

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

Property Tax (Base) 1,724,264 1,829,650 1,921,130 2,017,190 2,118,050 2,223,950
Property Tax - VLF Replacement 539,055 570,600 599,130 629,090 660,540 693,570
Total Property Taxes $2,263,319 $2,400,250 $2,520,260 $2,646,280 $2,778,590 $2,917,520
Redirection of ex-CRA Tax Increment Monies 104,576 111,990 129,189 120,080 126,080 132,380
Miscellaneous ex-CRA One-Time 923 3,080 14,829
Electricity Users Tax 423,800 427,700 443,100 459,050 475,580 492,700
Communication Users Tax 111,000 95,000 82,370 71,910 63,350 56,630
Gas Users Tax 72,700 72,700 72,700 72,700 72,700 72,700
Utility Users Tax $607,500 $595,400 $598,170 $603,660 $611,630 $622,030
Departmental Revenues 1,275,776 1,208,656 1,363,000 1,437,970 1,476,800 1,516,670
Departmental Revenues One-Time 139,789 5,420
Sales Tax 516,140 606,610 656,070 683,270 705,710 726,970
Business Tax 676,900 708,600 764,560 811,150 851,350 881,880
Business Tax One-Time 28,900
Transient Occupancy Tax (TOT) 100,750 176,800 251,360 289,060 320,490 334,910
Power Revenue Transfer 218,355 225,819 230,600 230,600 230,600 230,600
Documentary Transfer Tax 219,905 219,905 219,910 219,910 219,910 219,910
Documentary Legal Entity Transfer 3,290 3,290 3,290 3,290 3,290 3,290
Parking Fines 88,747 123,621 129,900 129,900 129,900 129,900
Parking Occupancy Tax 56,884 99,337 111,270 123,370 126,580 129,870
Franchise Income * 82,243 94,617 94,620 94,620 94,620 94,620
Redirection of Cable Franchise Fees* 12,147
Special Parking Revenue (SPRF) Transfer - 8,477 23,500 23,500 23,500 23,500
Interest 25,609 19,203 26,124 35,133 35,481 35,832
Grants Receipts 92,274 42,069 11,530 11,530 11,530 11,530
Grant Receipts One-Time (FEMA and Other) 78,402 29,104
Tobacco Settlement 10,178 10,178 10,178 10,178
Residential Development Tax 4,600 4,800 4,800 4,800 4,800 4,800
State Motor Vehicle License Fees 2,942 2,942 2,940 2,940 2,940 2,940
Subtotal General Fund Excluding One-Time $6,098,683 $6,621,670 $7,133,152 $7,477,951 $7,750,511 $8,015,862
Subtotal General Fund Including One-Time $6,346,697 $6,659,274 $7,147,981 $7,477,951 $7,750,511 $8,015,862
American Rescue Plan (ARP) 677,224 677,224
Fund Transfer
Total General Fund (with ARP) $7,023,922 $7,336,498 $7,147,981 $7,477,951 $7,750,511 $8,015,862

Reported dollar amounts include the impact of ongoing changes and one-time receipts and reductions.
*Ongoing changes for cable television franchise revenue are included in forecast for franchise income estimates.

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