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Tax revenues represent approximately 84% of the General Fund revenues. Property tax (54%)
<br /> and sales tax (20%) revenues represent a majority (74%) of tax revenues.
<br /> Property Tax
<br /> Property tax revenues, including secured, unsecured, supplemental, delinquent property taxes and
<br /> the amount reimbursed by the State in exchange for the reduction in vehicle license fees are
<br /> projected to increase by 3.6% in FY 2017/18 and by 1.2% in FY 2018/19.
<br /> FY 2016/17
<br /> FY 2014/15 ' FY 2015/16 Midyear FY 2017/18 % FY 2018/19 %
<br /> Property Tax Categories Actual Actual Budget Projected Change Projected Change
<br /> 'Secured Property $43,544,529 $46,885,701 $49,660,000 $51,500,000 3.7% $51,800,000 0.6%
<br /> Unsecured Property 2,465,775 2,573,121 2,590,000 2,700,000 4.3% 2,800,000 3.7%
<br /> Delinquent Taxes 971,138 726,117 615,000 615,000 0.0% 615,000 0.0%
<br /> Property Tax in Lieu of VLF 5,350,678 5,659,947 5,980,000 6,200,000 3.7% 6,500,000 4.8%
<br /> Supplemental Assessment 1,412,154 1.431,606 1.480,000 1,500,000 1.4% 1.545,000 3.0%
<br /> Total Property Taxes $53,744,274 $57,276,492 $60,325,000 $62,515,000 3.6% $63,260,000 1.2%
<br /> Sales Tax
<br /> Sales tax is expected to increase by 2.1% in FY 2017/18 and 3.0% in FY 2018/19. The increase
<br /> is primarily due to continued improvements in the following sectors of the general economy plus
<br /> new commercial development expected in FY 2017/18:
<br /> State & County Pools
<br /> �• Restaurants & Hotels
<br /> Autos & Transportation
<br /> FY 2016/17
<br /> FY 2014/15 FY 2015/16 Midyear FY 2017/18 % FY 2018/19
<br /> Sales Tax Revenue Actual Actual Budget Projected Change Projected Change
<br /> Total Sales Tax $22.410,654 $23,543.972 $22,525,000 $23,000,000 I 2.1% $23,690,000 I 3.0%
<br /> Development Services 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 2015 and adopted by City
<br /> Council in July 2015.
<br /> Based on recent development activity, staff are expecting Development Services fee revenues to
<br /> decrease by 5.2% in FY 2017/18 and then a slight 0.1% increase in FY 2018/19.
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