Page 38 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - All Sources
(Thousand Dollars)

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 38,397 22,824 13,195 23,395 27,291 3,896 27,291 27,925
AUGUST 52,792 64,959 71,432 64,285 69,632 5,347 69,632 68,830
SEPTEMBE - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER 26,411 30,685 32,005 31,840 28,367 (3,473) 28,367 31,950
DECEMBER 546,452 597,115 634,148 671,135 661,642 (9,493) 661,642 692,177
JANUARY 385,032 414,223 441,415 467,040 459,533 (7,507) 459,533 480,633
FEBRUARY 104,191 90,687 83,056 129,990 95,013 (34,977) 95,013 113,720
MARCH 6,652 7,287 10,060 10,010 10,517 507 10,517 8,030
APRIL 408,605 456,724 501,894 488,310 510,521 519,610
MAY 435,646 376,805 469,932 507,710 488,433 517,503
JUNE 6,330 70,999 4,220 6,535 6,287 6,257
TOTAL $ 2,010,508 $ 2,132,308 $ 2,261,356 $ 2,400,250 $ 2,357,235 $ 2,466,635
% Change 8.6% 6.1% 6.1% 6.1% 4.2% 4.6%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 38,397 22,824 13,195 23,395 27,291 3,896 27,291 27,925
AUGUST 91,189 87,783 84,627 87,680 96,923 9,243 96,923 96,755
SEPTEMBE 91,189 87,783 84,627 87,680 96,923 9,243 96,923 96,755
OCTOBER 91,189 87,783 84,627 87,680 96,923 9,243 96,923 96,755
NOVEMBER 117,600 118,468 116,632 119,520 125,289 5,769 125,289 128,705
DECEMBER 664,052 715,583 750,780 790,655 786,931 (3,724) 786,931 820,882
JANUARY 1,049,084 1,129,806 1,192,194 1,257,695 1,246,464 (11,231) 1,246,464 1,301,515
FEBRUARY 1,153,275 1,220,493 1,275,250 1,387,685 1,341,477 (46,208) 1,341,477 1,415,235
MARCH 1,159,927 1,227,780 1,285,310 1,397,695 1,351,994 (45,701) 1,351,994 1,423,265
APRIL 1,568,531 1,684,504 1,787,204 1,886,005 1,862,515 1,942,875
MAY 2,004,178 2,061,309 2,257,135 2,393,715 2,350,948 2,460,378
JUNE 2,010,508 2,132,308 2,261,356 2,400,250 2,357,235 2,466,635

Fiscal year 2021-22 receipts were anticipated to grow by 5.9 percent, but the County Assessor reported 4.0
percent growth for assessed values for the 2021 tax year. Revised estimates have been reduced to account for
this lower growth, delinquencies, and other adjustments, with net growth projected at 4.2 percent for the City
fiscal year.
The County Assessor no longer provides a preliminary estimate for property tax growth for the upcoming (2022)
tax year. Net 2022-23 receipts assume higher growth of 4.6 percent.

Property Tax -All Sources - 12-Month Moving Sum
(Million Dollars)
2,700
2,500

2,300
2,100
1,900
1,700

1,500
1,300
12 13 14 15 16 17 18 19 20 21 22 23
Fiscal Year Ending

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