Page 7 - FY 2021-22 CAO Overview of Proposed Budget
P. 7
2021-22 PROPOSED BUDGET REVENUES
General Fund revenues increased by $649.2 million from 2020-21 City
Budget to the 2021-22 Proposed Budget. Major changes include:
Amount
Source (Millions)
American Rescue Plan $677.2 Budget programs this funding assuming that it can be used as
General Fund revenue.
Property Tax $103.2 Assumes similar growth and delinquency rates as 2020-21.
Growth rate based on assessed value growth of 5.9 percent.
Business Tax $22.1 Assumes non-cannabis growth remains flat, with strong growth
in cannabis receipts.
Sales Tax $49.6 Assumes a strong recovery when compared to lower receipts in
2020-21. Growth from estimated receipts at 17.5%.
Transient Occupancy Tax $(68.1) Assumes strong growth from actual 2020-21 receipts, but still
well below prior budget levels. Growth from estimated receipts
at 75%.
Parking Occupancy Tax $(2.7) Assumes strong growth from actual 2020-21 receipts, but still
just below prior budget levels. Growth from estimated receipts
at 75%.
2021-22 Proposed Budget
Presentation to the Budget and Finance Committee
