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Pleasanton General Plan Fiscal Impact Analysis Final Report 01/16/14 Figure 2 Pleasanton General Fund Revenue and Expenditure Trends (nominal dollars, FY1992/93-FY2012/13) $100,000 --- --- $75,000 19 § $50,000 _.a _ _f x- $25,000 $0 1 1 1 1 1 T 1 1 1 I 1 1 1 1 1 1 1 1 1 1 ��°° °° °°I° ►,�°S° °°'� °°� °�ti°�ti°� °ry °°ti° x°13 dap °1 °°`� °°°� °�° °�.'��°►. 4,1 +Revenues -f-Expenditures Property taxes and sales taxes comprise the majority of the General Fund revenues. As shown in Table 3, these two items comprise over 75 percent of the City's ongoing proceeds. Development fees, a primary revenue source driven by new development in the City, make up only 3 percent of total revenues. Table 3 Pleasanton General Fund Revenue Distribution (FY2012-13) General Fund Revenues Total Distribution Property Tax $48,681,990 54.3% Sales and Use Tax $19,446,679 21.7% Business Licenses $2,900,000 3.2% Hotel and Motel Tax $3,450,000 3.8% Developer Fees $2,886,691 3.2% Other $12,328,544 13.7% Total $89,693,904 100% The share of property tax has been gradually increasing over the last 15 years, while sales tax share has been decreasing. Rapid property tax revenue growth has been driven by high property values with citywide assessed valuation increasing by an annual average rate of 7.8 percent over the last 15 years. While high, this rate was below the City's growth in the 1980's when assessed value increase averaged 18 percent a year. The majority of the City's assessed value comprises residential uses, as shown in Figure 3. Economic&Planning Systems, Inc. 8 P:\121000\121062Pleasanton\Report\121062Report_FINALdoc