Page 5 - CAO Overview of the Proposed 2022-23 Budget

ECONOMY SENSITIVE REVENUES

GROWTH OF SEVEN GENERAL FUND TAXES

25% 7.0
(Property (includes VLF and CRA tax increment), Utility Users, Business, Sales,
Transient Occupancy, Documentary and Parking Occupancy Taxes) 6.5
20%
6.0
15% 10.8% 5.5
Percent Change from Prior Year 5% -0.1% 5.3% 4.5 Receipts in Billion Dollars

10%
5.0

4.0
0%
3.5
-5%
The Proposed 2022-23 Budget includes $5.39 billion of
General Fund revenues from these sources. 3.0
-10%
2.5

-15% 2.0
02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
Fiscal Year Ending
Percent Change in Ongoing Tax Receipts
Average Percent Growth in Ongoing Tax Receipts
7 General Fund Taxes - Actual and Forecasted Ongoing Receipts

2022-23 Proposed Budget

Presentation to the Budget and Finance Committee