Page 22 - FY 2022-23 Revenue Outlook

2022-23 PROPOSED BUDGET
DETAIL FOR GENERAL FUND OUTLOOK

Fiscal Years 2021-22 through 2026-27
(Percent Growth From Prior Year Base)

2021-22 2022-23 2023-24 2024-25 2025-26 2026-27
Revised Proposed Forecast Forecast Forecast Forecast

Property Tax (Base) 4.3% 4.6% 4.8% 4.8% 4.8% 4.8%
Property Tax - VLF Replacement 4.0% 4.8% 4.8% 4.8% 4.8% 4.8%
Total Property Taxes 4.2% 4.6% 4.7% 4.7% 4.7% 4.8%

Redirection of ex-CRA Tax Increment Monies -0.3% 7.2% 4.8% 4.8% 4.8% 4.8%
Electricity Users Tax -2.8% 2.4% 3.1% 3.1% 3.1% 3.1%
Gas Users Tax 21.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Communication Users Tax -4.2% -8.7% -8.2% -7.7% -7.2% -6.7%
Utility Users Tax -0.3% 0.1% 0.8% 1.1% 1.3% 1.5%
Departmental Receipts 8.3% 3.7% 5.1% 3.0% 3.0% 3.0%
Sales Tax 26.8% 5.9% 4.8% 4.2% 3.7% 3.2%
Business Tax 6.3% 7.0% 4.1% 3.2% 3.2% 3.2%
Business Tax Excluding Cannabis 7.6% 5.7% 2.7% 2.7% 2.7% 2.7%
Business Tax Cannabis 0.6% 12.4% 10.0% 5.0% 5.0% 5.0%
Transient Occupancy Tax (TOT) 108.0% 14.6% 8.0% 4.0% 4.0% 4.0%
TOT - Hotels 126.0% 14.6% 8.0% 4.0% 4.0% 4.0%
TOT - Short Term Rental 42.4% 14.6% 8.0% 4.0% 4.0% 4.0%
Power Revenue Transfer 3.1% 2.1% -0.1% 0.0% 0.0% 0.0%
Documentary Transfer Tax 28.3% -1.1% 3.0% 3.0% 3.0% 3.0%
Documentary Legal Entity Transfer 32.1% -22.4% 3.0% 3.0% 3.0% 3.0%
Parking Fines 20.1% 16.0% 0.0% 0.0% 0.0% 0.0%
Parking Occupancy Tax 62.1% 16.6% 8.0% 4.0% 2.6% 2.6%
Franchise Income * 9.1% 12.5% 0.0% 0.0% 0.0% 0.0%
Special Parking Revenue (SPRF) Transfer NA 177.2% 0.0% 0.0% 0.0% 0.0%
Interest 1.8% 32.6% 2.5% 2.5% 2.5% 2.5%
Grants Receipts 2.3% 29.9% 3.0% 3.0% 3.0% 3.0%
Tobacco Settlement 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Residential Development Tax 2.5% 6.7% 0.0% 0.0% 0.0% 0.0%
State Motor Vehicle License Fees 54.1% -14.0% 0.0% 0.0% 0.0% 0.0%
Subtotal General Fund Excluding One-Time 10.5% 5.3% 4.2% 3.4% 3.4% 3.4%
Subtotal General Fund Including One-Time 8.4% 6.6% 3.3% 3.4% 2.4% 3.3%
Total General Fund 8.8% -2.2% 1.9% 3.4% 2.4% 3.3%
(with ARP and Reserve Fund Transfers)

Reported percent growth does not include include the first year impact of ongoing changes or one-time receipts and reductions.
*Ongoing changes for cable television and natural gas franchise revenue are included in the forecasted growth for franchise income estimates.

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