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Property Tax
<br /> Property tax revenues, including secured, unsecured, supplemental, delinquent property taxes
<br /> and the amount reimbursed by the State in exchange for the reduction in vehicle license fees are
<br /> projected to increase by 6.7% in FY 2015/16 and by 3.5% in FY 2016/17.
<br /> FY 2014/15
<br /> FY 2011/12 FY 2012/13 FY 2013/14 Midyear FY 2015/16 % FY 2016/17 %
<br /> Property Tax Categories Actual _ Actual Actual Budget Projected Change Projected Change
<br /> Secured Property $38,748,410 $39,487,130 $40,867,339 $43,700,000 $46,720,000 6.9% $48,500,000 3.8%
<br /> Unsecured Property 2,366,462 2,357,775 2,340,091 2,350,000 2,450.000 4.3% 2.500,000 2.0%
<br /> Delinquent Taxes 1,445,750 1,265.459 1,001,164 950,000 850,000 -10.5% 850,000 0.0%
<br /> Property Tax in Lieu of VLF 4,816,786 4,855,320 5,060,700 5,350,000 5,580,000 4.3% 5,750,000 3.1%
<br /> Supplemental Assessment 546,283 683,005 1,097,483 700,000 1,000.000 42.9% 1.000,000 0.0%
<br /> Total Property Taxes 847.923,691 $48,648.689 550,366,776 _ $53,050,000 $56,600,000 6.7% $58,600,000 3.5%
<br /> Sales Tax
<br /> Sales tax is expected to increase by 8.3% in FY 2015/16 and 6.2% in FY 2016/17. The increase
<br /> is primarily due to continued improvements in certain sectors of the general economy shown
<br /> below:
<br /> • 8.5% increase in State & County Pools
<br /> • 6.0% increase in Restaurants & Hotels
<br /> • 5.0% increase in Building & Construction
<br /> • 4.0% increase in Autos & Transportation
<br /> • 3.0% increase in Business & Industry
<br /> FY 2014/15
<br /> FY 2011/12 FY 2012/13 FY 2013/14 Midyear FY 2015/16 % FY 2016/17 %
<br /> Sales Tax Revenue Actual Actual Actual Budget Projected Change Projected Change
<br /> Total Sales Tax $19,107.418 $19.102.977 $20.993.123 522.250.000 52.4,100.000 8.3% $25.600,000 6.2%
<br /> User Fee Cost Recovery
<br /> The City of Pleasanton provides many services to the public. Some services provide a general
<br /> benefit to the community such as police and fire protection and are almost entirely paid for by
<br /> general taxes. Other services, such as building inspections, permitting, and recreation classes
<br /> provide a special benefit to an individual, group, or company and a user fee is charged to recover
<br /> all or a portion of the cost of providing that special service. It is the general policy of the City to
<br /> recover its costs from individuals and/or groups who benefit from a particular service. A user fee
<br /> study was completed for the Community Development Department in 2011. The study updated
<br /> the cost of providing planning, building, engineering and fire inspection services including
<br /> overhead and indirect costs. These fees have not been increased since 1992. Staff is updating
<br /> the 2011 study and will present the final results of the study with proposed increases to user fees
<br /> to the City Council in June/July of 2015 for their review and consideration. Staff estimate there
<br /> will be approximately $2.7 million in both FY 2015/16 and FY 2016/17 in additional revenues that
<br /> would be added to the Operating Budget assuming the City Council adopts fee increases.
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