Page 48 - FY 2022-23 Supporting Information

2022-23 PROPOSED BUDGET
DETAIL FOR GENERAL FUND REVENUE OUTLOOK
Fiscal Years 2021-22 through 2026-27
(Thousand Dollars)

2021-22 2022-23 2023-24 2024-25 2025-26 2026-27
Revised Proposed Forecast Forecast Forecast Forecast
Property Tax (Base) 1,796,685 1,879,195 1,968,460 2,061,960 2,159,900 2,262,500
Property Tax - VLF Replacement 560,550 587,440 615,340 644,570 675,190 707,260
Total Property Taxes $2,357,235 $2,466,635 $2,583,800 $2,706,530 $2,835,090 $2,969,760
Redirection of ex-CRA Tax Increment Monies 126,727 153,800 142,340 149,100 156,180 163,600
Miscellaneous ex-CRA One-Time 0 17,910
Electricity Users Tax 417,000 427,000 440,240 453,890 467,960 482,470
Communication Users Tax 108,550 99,100 90,930 83,890 77,820 72,570
Gas Users Tax 88,000 88,000 88,000 88,000 88,000 88,000
Utility Users Tax $613,550 $614,100 $619,170 $625,780 $633,780 $643,040

Departmental Receipts 1,218,831 1,267,278 1,319,590 1,358,520 1,398,600 1,439,860
Departmental Receipts One-Time 8,021 11,721
Sales Tax 665,420 704,760 738,530 769,480 797,740 823,340
Business Tax 735,700 786,900 819,440 845,480 872,410 900,280
Business Tax One-Time
Transient Occupancy Tax (TOT) 229,700 263,220 284,280 295,650 307,480 319,780
Power Revenue Transfer 225,015 229,721 229,530 229,530 229,530 229,530
Documentary Transfer Tax 302,840 298,540 307,500 316,720 326,220 336,010
Documentary Legal Entity Transfer 4,640 3,600 3,710 3,820 3,930 4,050
Parking Fines 112,100 130,000 130,000 130,000 130,000 130,000
Parking Occupancy Tax 95,400 111,270 120,170 124,980 128,230 131,560
Franchise Income * 104,147 119,831 123,830 123,830 123,830 123,830
Franchise Income Ongoing Additions 12,147 16,300 4,000
Special Parking Revenue (SPRF) Transfer 8,477 30,426 23,500 23,500 23,500 23,500
Interest 27,600 36,610 37,510 38,430 39,370 40,330
Grants Receipts 59,293 122,083 100,030 99,680 25,570 19,360
Grant Receipts One-Time (FEMA and Other) 46,052 104,880 82,310 81,430 6,770
Tobacco Settlement 11,489 11,489 11,490 11,490 11,490 11,490
Residential Development Tax 4,500 4,800 4,800 4,800 4,800 4,800
State Motor Vehicle License Fees 4,532 3,900 3,900 3,900 3,900 3,900
Subtotal General Fund Excluding One-Time $6,848,481 $7,213,925 $7,517,100 $7,775,970 $8,040,950 $8,313,970
Subtotal General Fund Including One-Time $6,902,555 $7,355,363 $7,599,410 $7,857,400 $8,047,720 $8,313,970
Reserve Fund Transfer 85,090 105,592
American Rescue Plan (ARP) 639,450
Fund Transfer
Total General Fund $7,627,096 $7,460,955 $7,599,410 $7,857,400 $8,047,720 $8,313,970
(with ARP and Reserve Fund Transfers)

Reported dollar amounts include the impact of ongoing changes and one-time receipts and reductions.
*Ongoing changes for cable television and natural gas franchise revenue are included in the forecast for franchise income estimates.

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