Page 4 - CAO Overview of the Proposed 2022-23 Budget
P. 4
PROPOSED BUDGET REVENUES
Growth in economy-sensitive revenues from the 2021-22 Adopted Budget to the 2022-23
Proposed Budget offset the loss of one-time American Rescue Plan Act funding.
Amount Growth
Source (Millions) (%)
American Rescue Act Plan Reduction ($639.5) (100%)
Economy-Sensitive Revenue Increases:
Property Tax $66.3 2.8%
Redirection of Ex-CRA $41.8 37.3%
Business Tax $70.3 9.8%
Sales Tax $98.2 16.2%
Documentary Transfer Tax $71.6 31.5%
Transient Occupancy Tax $79.9 43.6%
Parking Occupancy Tax $12.0 12.1%
Special Parking Revenue Transfer $21.9 257.6%
Other Economically Sensitive $50.1
Total $512.1
2022-23 Proposed Budget
Presentation to the Budget and Finance Committee
