|
The following bar graph provides a five year comparison of revenues by major revenue categories:
<br /> 5-year Major Revenue Comparison (In Millions)
<br /> Business License Tax C
<br /> Recreation
<br /> Hotel/Motel Tax
<br /> Development Services
<br /> Sales Tax
<br /> Property Tax
<br /> $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0
<br /> ■ 16/17 ■ 17/18 111 18/19 ■ 19/20 ■ 20/21
<br /> Tax revenues represent approximately 87 percent of the General Fund revenues. Property tax (57
<br /> percent) and sales tax (17 percent) revenues represent a majority (74 percent) 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,projected
<br /> to increase by five percent in FY 2019/20 and by 3.5 percent in FY 2020/21.
<br /> FY 2018/19
<br /> Property Tax Categories FY 2016/17 FY 2017/18 Mid-Year FY 2019/20 % FY 2020/21 %
<br /> Actual Actual Budget Projected Change Projected Change
<br /> Secured Property $50,161,606 $53,546,942 $56,750,000 $59,769,000 5.3% $62,161,000 4.0%
<br /> Unsecured Property 2,470,793 2,901,957 2,650,000 3,019,000 13.9% 3,073,000 1.8%
<br /> Delinquent Taxes 436,653 407,651 450,000 459,000 2.0% 459,000 0.0%
<br /> Property Tax in Lieu of VLF 5,980,866 6,341,512 6,780,000 7,086,000 4.5% 7,331,000 3.5%
<br /> Supplemental Assessment 1,785,246 2,165,189 2,120,000 1,943,000 -8.4% 1,746,000 -10.1%
<br /> Sales Tax
<br /> Sales tax revenues are expected to decrease by 1.3 percent in FY 2019/20 and increase by 1.4 percent
<br /> in FY 2020/21.The decrease is primarily due to expected continued decline in the business to business,
<br /> general goods and automotive categories.
<br /> FY 2018/19
<br /> Sales Tax Revenue FY 2016/17 FY 2017/18 Mid-Year FY 2019/20 % FY 2020/21
<br /> Actual Actual Budget Projected Change Projected Change
<br /> Total Sales Tax $23,362,536 $21,764,560 $22,500,000 $22,200,000 -1.3% $22,500,000 1.4%
<br /> 29 City of Pleasanton Operating Budget • FY 2019/20 - FY 2020/21
<br />
|