NOTE: Click on any of the highlighted revenue categories below to see the revenue summary for that category or click on the link above to view all revenue summaries and explanations. Click on any highlighted number for notes.
|General Property Taxes|
|Real Property Taxes||$312,641,695||$321,991,875||$324,999,992||$160,407,302||49.8%||$154,234,396||4%|
|Personal Property Taxes||34,891,944||34,600,000||37,250,000||37,031,405||107.0%||34,083,409||9%1|
|Penalties and Interest||2,246,186||1,870,000||2,125,000||1,682,256||90.0%||1,793,974||-6%|
|Total Gen. Property Taxes||$349,779,825||$358,461,875||$364,374,992||$199,120,963||55.5%||$190,111,779||5%|
|Other Local Taxes|
|Local Sales and Use Tax||$23,880,909||$24,200,000||$24,600,000||$16,091,921||66.5%||$15,382,542||5%|
|Consumer Utility Taxes||10,812,989||11,200,000||10,800,000||7,829,827||69.9%||8,187,188||-4%2|
|Communication Sales and Use Tax||11,259,534||11,600,000||11,100,000||7,251,951||62.5%||7,680,304||-6%3|
|Business License Taxes||30,444,798||31,825,000||32,600,000||29,714,507||93.4%||28,353,736||5%|
|Transient Lodging Taxes||11,245,201||12,500,000||11,800,000||7,921,846||63.4%||7,841,396||1%|
|Restaurant Meals Tax||16,214,900||16,300,000||16,500,000||11,625,791||71.3%||11,319,143||3%|
|Motor Vehicle License Tax||3,324,937||3,200,000||3,400,000||3,200,283||100.0%||3,155,301||1%1|
|Real Estate Recordation||3,668,663||3,800,000||4,800,000||3,755,538||98.8%||2,759,751||36%4|
|Other Local Taxes||3,547,688||2,705,000||3,335,275||493,441||18.2%||711,330||-31%5|
|Total Other Local Taxes||$118,259,357||$121,330,000||$122,735,275||$90,679,164||74.7%||$88,213,524||3%|
|Revenue from the Federal Government||$9,697,509||$9,447,640||$9,950,206||$7,720,968||81.7%||$7,022,997||10%6|
|Personal Property Tax Relief from the Commonwealth||23,578,531||23,578,531||23,578,531||23,106,960||98.0%||23,106,960||0%|
|Revenue from the Commonwealth||20,452,569||19,950,485||20,222,485||16,588,855||83.2%||15,676,191||6%|
|Total Intergovernmental Revenues||$53,728,609||$52,976,656||$53,751,222||$47,416,782||89.5%||$45,806,148||4%|
|Other Governmental Revenues And Transfers In|
|Fines and Forfeitures||$4,472,520||$4,764,000||$4,594,000||$3,896,222||81.8%||$3,635,218||7%|
|Licenses and Permits||2,543,789||2,049,975||2,313,650||1,969,868||96.1%||2,102,025||-6%|
|Charges for City Services||14,939,668||14,709,303||15,554,303||11,593,032||78.8%||10,284,579||13%7|
|Revenue from Use of Money & Property||3,591,323||3,570,000||3,535,000||3,354,921||94.0%||3,082,475||9%|
|Transfer from Other Funds||1,446,713||1,666,903||1,666,903||-||0.0%||-||0%|
|Total Other Government Revenues||$27,981,740||$27,250,181||$28,173,856||$21,877,972||80.3%||$19,847,566||10%|
|Appropriated Fund Balance
|Appropriation of Refunding Bond Proceeds||-||73,454,827||73,454,827||-||-||-||-|
|Reappropriation of FY 2011
Encumbrances and Other
- Personal Property Taxes/Motor Vehicle License: The FY 2012 vehicle assessments included 5,000 more cars than the FY 2011 billing. The resulting increase in revenue of approximately $3.0 million has already been included in the FY 2013 Approved Budget. Based on current collections, staff projects FY 2012 revenues to be at least $37.2 million, an increase of $0.3 million over the previous projection.
- Consumer Utility Taxes: The decrease in these taxes is primarily due to the relatively mild winter.
- Communication Taxes: The decrease in these taxes is primarily attributable to a one time refund issued to a large wireless provider that collected taxes on data services for various wireless devices used by their customers. The total amount of the refund, including interest, was $12.9 million, and the City’s share was $0.3 million.
- Recordation Tax: The increase in this tax is primarily the result of the sale and refinancing of a few large commercial properties. Based on current collections, primarily for residential refinancings, staff projects collections will be approximately $4.8 million, an increase of $0.7 million above the previous projection.
- Other Local Taxes: The decrease of 31 percent in other local taxes is a result of the variable timing of quarterly payments.
- Revenue from Federal Government: The decrease in Federal revenue primarily represents the timing of payments for the Federal Prisoner Per Diem.
- Charges for Service: The increase in charges for services is primarily the result of a budgeted increase in meter fees (to $1.75/hour) implemented with the installation of the new multi-space meters midway through FY 2011. In addition, planning permit fees also show increased activity for FY 2012. Based on collections to date, staff projects charges for services will be at least $15.6 million, an increase of $0.6 million over the previous projections.