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8.A. - Page 31 of 104 <br />Redwood City Revenues Update <br />Similar to the national outlook discussed above, Redwood City is projecting a gradual recovery of <br />revenues comparable to a "Nike swoosh" graph. <br />Projected General Fund Revenue <br />$180 $172 $175 <br />$170 6 $169 <br />$162 $160�$163� <br />'^ $160 $157 <br />c $149 $153 $154 <br />$150 <br />$140 <br />$130 <br />FY 2019- FY 2020- FY 2021- FY 2022- FY 2023- FY 2024- FY 2025- FY 2026- FY 2027- FY 2028- FY 2029- <br />20 21 22 23 24 25 26 27 28 29 30 <br />Sales tax and transient occupancy tax are the sources of local government revenue considered initially <br />most vulnerable to the economic downturn associated with the COVID-19 pandemic. A longer-term <br />recession could negatively impact property tax and development -related revenues and business license <br />fees. More detail about several of these is provided below. <br />Major Operating Revenues <br />Utility Users' Tax <br />L San Carlos Fire Service, 5% <br />6% males Tax <br />21% <br />Other Revenues <br />Transient <br />12% <br />Occupancy Tax <br />5% <br />Business License <br />Fees <br />2% <br />Development - <br />related revenues <br />5% <br />Franchise Fees <br />3% <br />Recreation Class <br />Fees <br />Property Tax = <br />1% <br />40% <br />BUDGET MESSAGE �0 <br />