Page 463 - FY 2022-23 Proposed Budget

EXHIBIT 3

GENERAL FUND ECONOMY-SENSITIVE REVENUES
YEAR-TO-YEAR CHANGES

Property Tax • Fiscal Year 2021-22
Total property tax receipts are
estimated to be $2.36 billion, which Property Tax
is $97.6 million (4.3%) above the
prior year, mainly due to growth in $2,460,221
assessed valuations.
• Fiscal Year 2022-23 $2,358,937
Total property tax receipts are $2,261,356
projected to increase by $101.3
million (4.3%) and reach $2.46
billion.
FY2020-21 FY2021-22 FY2022-23
Actual Estimated Projected
Receipts Reciepts Receipts

Utility Users’ • Fiscal Year 2021-22
Tax Utility User’s Tax receipts were
(Electric, estimated based on current trends. Utility User's Tax
Telephone, Electric users’ tax receipts are Electric Telephone Gas
and Gas) estimated to be $412.2 million.
Telephone users’ tax receipts are
estimated to be $102.8 million. $72,752 $74,818
Gas users’ tax receipts are $113,258 $76,718
estimated to be $74.8 million. $102,761 $89,405
• Fiscal Year 2022-23
Electric users’ tax receipts are
estimated to be $427.2 million
(3.63% 3 years average growth). $429,228 $427,200
Telephone users’ tax receipts are $412,236
estimated to be $89.4 million
(13.0% reduction) based on prior
year trends.
Gas users’ tax receipts are FY2020-21 FY2021-22 FY2022-23
estimated to be $76.7 million Actual Estimated Projected
(2.54% 3 years average growth). Receipts Reciepts Receipts

Revenue F orecast Report
Discussion

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