Page 71 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Documentary Transfer Tax - Corporate Legal Entity Transfers
(Thousand Dollars)

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 291 - - 293 81 (211) 81 300
AUGUST 500 1,497 - 293 98 (194) 98 300
SEPTEMBE 2 - 3 293 - (293) - 300
OCTOBER 80 408 - 293 1,039 747 1,039 300
NOVEMBER 1,648 678 67 293 474 182 474 300
DECEMBER 363 11 126 293 5 (287) 5 300
JANUARY - 413 2,879 293 17 (276) 17 300
FEBRUARY 1,008 4 - 293 2,498 2,206 2,498 300
MARCH - 45 126 293 161 (131) 161 300
APRIL 95 - 306 293 89 300
MAY - 3 1 293 89 300
JUNE - - 5 293 88 300
TOTAL $ 3,987 $ 3,060 $ 3,512 $ 3,510 $ 4,640 $ 3,600
% Change 34.3% -23.3% 14.8% -0.1% 32.1% -22.4%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 291 - - 293 81 (211) 81 300
AUGUST 791 1,497 - 585 179 (406) 179 600
SEPTEMBE 793 1,497 3 878 179 (698) 179 900
OCTOBER 872 1,906 3 1,170 1,219 49 1,219 1,200
NOVEMBER 2,520 2,584 70 1,463 1,693 230 1,693 1,500
DECEMBER 2,884 2,595 196 1,755 1,698 (57) 1,698 1,800
JANUARY 2,884 3,009 3,074 2,048 1,715 (333) 1,715 2,100
FEBRUARY 3,892 3,012 3,074 2,340 4,213 1,873 4,213 2,400
MARCH 3,892 3,057 3,201 2,633 4,374 1,742 4,374 2,700
APRIL 3,987 3,057 3,506 2,925 4,463 3,000
MAY 3,987 3,060 3,507 3,218 4,552 3,300
JUNE 3,987 3,060 3,512 3,510 4,640 3,600

This revenue is received when the controlling interest of a legal entity holding real property is transferred. Fiscal
year 2010-11 marks the first year of its collection. This revenue can be erratic, exhibiting significant fluctuations
from month to month, which is best exemplified by a $12.4 million transfer received in August 2015 (not shown).
The variability of receipts makes this revenue difficult to project. The revised 2021-22 estimate reflects increase
from the impact of accelerated price appreciation and increasing sales that followed initial pandemic closures.
The 2022-23 revenue assumes average monthly receipts.

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