Page 464 - FY 2022-23 Proposed Budget

• Fiscal Year 2021-22
Business Tax Business Tax receipts are estimated
to be $735.1 million. Non-cannabis Business Tax
Business tax receipts are estimated
to increase by $46.1 million (8.3%)
based on year to date collection, $136,758 $133,463 $139,049
while cannabis Business Tax is
estimated to decrease by $3.3 $601,680 $626,866
million based on current trends. $555,628
• Fiscal Year 2022-23
Non-cannabis Business tax receipts FY2020-21 FY2021-22 FY2022-23
are estimated to grow by 4.2% Actual Estimated Projected
based on 3 years average growth
rate. Receipts Reciepts Receipts
Cannabis Business Tax is estimated Cannabis Business Tax
to grow by the same rate.
Non-Cannabis Business Tax

Sales Tax • Fiscal Year 2021-22
Sales and use taxes are estimated to Sales and Use Tax
grow by $123.9 million (23.6%)
based on current year trends. $671,864
• Fiscal Year 2022-23 $524,618 $648,517
Sales and use taxes are projected to
grow by 3.6% based on UCLA
projection for 2022 and 2023.

FY2020-21 FY2021-22 FY2022-23
Actual Estimated Projected

Receipts Reciepts Receipts

Transient • Fiscal Year 2021-22
Occupancy TOT is estimated to finish the fiscal Transient Occupancy Tax
Tax (TOT) year 27.2% under the fiscal year
2019 total and 11.7% under the $223,644
fiscal year 2020 total, which was $186,370
already lower due to the first months
of the pandemic.
• Fiscal Year 2022-23 $86,692
TOT is projected to grow by 20.0%
year over year, and end around
12.7% below pre-pandemic levels. FY2020-21 FY2021-22 FY2022-23
Actual Estimated Projected
Reciepts Reciepts Receipts

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