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Table 4
<br /> Property Tax Revenues
<br /> 2012/13FY 2012/13FY
<br /> 2009/10FY 2010/11FY 2011/12FY Original Adjustments Mid-Term
<br /> Property Tax Categories Actuals Actuals Midyear Budget (Decreases) Budget
<br /> Secured Property $39,509,558 $39,140,690 $39,500,000 $40,290,000 ($440,000) $39,850,000
<br /> Unsecured Property 2,403,347 2,395,209 2,350,000 2,361,708 (11,708) 2,350,000
<br /> Delinquent Taxes 2,281,672 1,515,543 1,200,000 1,200,000 0 1,200,000
<br /> Property Tax in Lieu of VLF 4,972,711 4,882,208 4,824,515 4,979,852 (207,862) 4,771,990
<br /> Supplemental Assessment 556,736 635,358 500,000 510,000 0 510,000
<br /> Total Property Taxes $49,724,024 $48,569,008 $48,374,515 $49,341,560 ($659,570) $48,681,990
<br /> Sales Tax —As shown in Table 5, sales tax is estimated to increase $320,180 over the original
<br /> 2012/13FY projections. However, this is somewhat misleading given there is a one-time
<br /> reduction in sales tax revenue in 2012/13FY for the payments to the City of Livermore for the
<br /> Vanstar case ($477,132); therefore, sales tax projections without this adjustment would be
<br /> increasing $783,180. Also when compared to the 2011/12FY Midyear estimates of sales tax it
<br /> appears that sales tax is decreasing; however, this is misleading because the 2011/12FY has
<br /> one-time revenues from sales tax initially allocated to the wrong jurisdiction and reallocated to
<br /> Pleasanton in 2011/12FY ($437,500).
<br /> Table 5
<br /> Sales Tax Revenue
<br /> 2012/13FY 2012/13FY
<br /> 2007/08FY 2008/09FY 2009/10FY 2010/11FY 2011/12FY Original Adjustments Mid-Term
<br /> Sales Tax Revenue Actual Actual Actuals Actuals Midyear Budget (Decreases) Budget
<br /> Total Sales Tax $21,130,683 $17,535,784 $15,420,066 $18,503,316 $19,800,000 $19,126,499 $320,180 $19,446,679
<br /> Development Services Fees — Development Services fees are comprised of the various
<br /> building permit fees (building, electrical, plumbing, HVAC), planning & zoning fees, plan check
<br /> fees, and public works fees.
<br /> The initial projection for these permit fees for 2012/13FY was $2,401,655, however, they have
<br /> been revised to $2,886,689. The City is experiencing an increase in building activity with the
<br /> development of the CLC Project, the retail portion of the Pleasanton Gateway project,
<br /> Ponderosa Homes' Senior Housing project and the BRE housing development in Hacienda
<br /> Business Park.
<br /> The 10 year history of property taxes, sales taxes, and development services fees is shown in
<br /> Table 6.
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